“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Friday, 30 September 2016

30 Sept 2016 - EOD, EOW, EOM, EOQ

Although there is a divergence on a QTRLY and MONTHLY chart, the candle that formed however was not complementing a reversal lower.  This increases the odds of new highs coming in the near term.  A candle bar alone is not a standalone indicator of things to come but when one does not jive with the other, the probability ratio changes.  In this case a downside bias for bears are lower now and continues to the next Quarter or Month.  Perhaps if a bearish move comes will be based on Weekly duration since the longer term still shows a bullish sentiment.  Who knows what DB, WFC the FED or Pres. Election brings us this weekend.

SEN: Bullish
ST: UP
PA: UP
R: Sept 30 UP


Thursday, 29 September 2016

29 Sept 2016 - EOD

SEN: Bullish
ST: UP
PA: NA
R: Possible UP  (Open a.m. Intra-Signal enter bullish to confirm)


Wednesday, 28 September 2016

Tuesday, 27 September 2016

27 Sept 2016 - EOD

SEN: Bullish (Down Trending)
ST: DOWN
PA: NA
R: Possible DOWN Tomorrow (look for intra-chart bearish signal cross down).


Monday, 26 September 2016

26 Sept 2016 - EOD

SEN: Bullish (Down Trending)
ST: DOWN Sept 26
PA: DOWN
R: NA


Friday, 23 September 2016

23 Sept 2016 - EOD, EOW

Next week Friday will be exactly EOD, EOW, EOM, EOQ.  Look at the bars for any hint of reversal. This is critical in knowing if the long-term move will last or will be bought up on small dips.

SEN: Bullish (Down Trending)
ST: UP
PA: NA
R: NA


Thursday, 22 September 2016

22 Sept 2016 - EOD

SEN: Bullish (Down Trending)
ST: UP
PA: UP
R : 22 Sept UP Bias


Wednesday, 21 September 2016

Tuesday, 20 September 2016

Monday, 19 September 2016

Thursday, 15 September 2016

Wednesday, 14 September 2016

Tuesday, 13 September 2016

Friday, 9 September 2016

9 Sept 2016 - EOD, EOW

September 9 became a reality.  Sorry to say, but who do you know was looking at this date and how far back?  Not here to boast, as this is not my forecast, but I am fortunate enough to have this info and here to show that we should always keep an open mind and be vigilant of anything of significance even if it might seem crazy.  I may cast my opinion of certain analysis, but I never tell anyone they are wrong.  I am always the one who says to always be cautious of EW counts, patterns, forecasts, but will never say it's outright bull$#!t.  People need to step back and re-read some of the past blogs and comments and maybe things might seem different after all.  One thing I am consistent with here on my blog is trusting the indicators.  After all, why would they lie, and what would they have to gain from it.

Maybe Free analysis is not good enough, maybe I have to give an arm as well.  Maybe just keep my mouth shut as my dad always says, cos no one is paying you for your opinion or knowledge.

SEN: Bullish
ST: DOWN (Weak signal mentioned this whole week was the big clue)
PA: DOWN (still OS, might be wise to expect more pain)
R: (UP Never materialized as signal dropped like a rock at open)

Broken

Broken

Engulfing, MACD Cross Print...

Open to interpretation, MNTH has not ended, but 2 consecutive RED bars is not good if it closes month without tail or rebound.  MACD still DWN biased.

This is the last detailed post I will share and will be simplifying the blog to indicator trends and 60min chart.


Thursday, 8 September 2016

8 Sept 2016 - EOD

Signals have setup just enough energy to stay bullish but need an acceleration phase to push prices convincingly up above the current ATH.  We are getting close to the possible CIT dates while hovering at the top of the market range.  This suggest that any CIT would prefer the downside.  Lets see if we can get a pop and drop tomorrow to signal this.

SEN: Bullish
ST: UP
PA: NA
R: UP bias (Possibly tomorrow if intra-signal can move into bullish territory.)


BONUS IF WE ARE @ THE TOP

https://twitter.com/Pok8Rok8/status/773757634189021188

Wednesday, 7 September 2016

7 Sept 2016 - EOD

Bullishness remains.  Looking for SPX to test highs and possibly exceed.  While we are bullish, we are at the high end of the bullishness, and should be cautious of any turn down as an anticipation of ATH could fail.  "Current conditions are not for longer term traders"

SEN: Bullish
ST: UP
PA: NA
R: NA


Tuesday, 6 September 2016

6 Sept 2016 - EOD

Bears got faked out today again as price on the ES & SPX tested its 200 ma on the 60min chart.  Trend is still clearly moving upwards, and likely to move into ATH position.

SEN: Bullish
ST: UP
PA: UP
R: NA


Friday, 2 September 2016

2 Sept 2016 - EOD, EOW

A bullish open has turned the ST over to the bullish camp as well.  The possible reset I mentioned last night never materialized based on our analysis that only a cross down in our signal would this be possible.  The HH and ATH is again at play if the signals can finally push above a resistance zone.

This week the monthly ended with a bearish candle formation and while it is bearish, prices can still rise into ATH.  The fact that we have sitting around this range for a few months now would give me the inclination that price will push above it.  We however must follow the signals generated by the indicators.  Next week, if price manage to make a new all time high and reverse, look for a signal divergence on a weekly scale as well.  I am watching for the end of next week as a possible CIT based on Pancholi's forecast that Sept. 9 is the date to watch for a CIT.  Therefore for his forecast to come to fruition, signals should at least lead us to clues as to its intentions or confirmation.

SEN: Bullish
ST: UP
PA: NA
R:  NA

Notice also that the ST's have been clustering as of late.  Usually this type of environment proves to be volatile when it breaks.


Thursday, 1 September 2016

1 Sept 2016 - EOD

There is a possible Reset signal triggering tomorrow to the downside, and what it will need is for signals to push back down tomorrow.  This reset trigger also confirms the ST bias down if price moves lower.  A rise in the markets will cause a bullish ST, so either way an answer will be had tomorrow of who will control the Short-Term market moves.  Game day for Bulls and Bears.  The trendline supports I mentioned yesterday looked like it would be broken and that would have been bad news for bulls but it held up into the days close.  Knowing the major support lines are important, and today's price action is a very good example.

SEN: Bullish
ST: DOWN
PA: NA
R: Possible Downside for tomorrow (Negative day will trigger Reset).