S&P 500 (SP500) News

Charts: SPX Retesting 30 min Red Line!----Next Support would be SPX 60 min Red Line & Tues S2 at 5653 !

Pivot Calcs:--SPX Pivot--5706----R1--5727----R2--5759----S1--5674----S2--5653----SPY Pivot--568----R1--570----R2--574----S1--564----S2--562 ! -- Vix Pivot --22.09 !

Yeah I think it could be up for 6 months but according to my kids professor at a major university, the next recession will dwarf 08. He says it will happen within 1-2 years & it will be bad. The guy might know something, he owns like 500 properties.

LOL, that is what they said in 2000 when Cisco was at $80 per share. "We are in the new economy and are going higher."
Also, "the Canadian government will never let Nortel fail !
Get woke. Get back to reality.
Nortel is out of business, and CSCO still hasn't made it back to $80 per share and it is 24 years later!!! The crash is coming again and it will be deeper and longer this time. Enjoy.

Officially, the USA federal government debt ceiling limit is currently $31.4 trillion.
Unfortunately, they have temporily chosen to ignore it. Right now, the actual debt is a whopping $35.7 trillion and is expected to be over an even more enormous $36.8 trillion when they must again address the debt on Jan 5, 2025 as the debt ceiling is only $31.4 trillion and the actual debt will be $36.8 trillion and rising. A travesty!

Thanks. I like the more confident forecast on Nov through April period.

Right now I am protecting 55% of my retirement from equity exposure. I was going to go to 75% this past Friday but was traveling and that distracted me from the jobs number pump.

I was in SQQQ. but it hit a critical threshold that I use, could go either way but might be a turnaround.
My prediction is market goes up until April or May then anything can happen including a MASSIVE DOWNTURN.
Who knows Bitcoin & Markets may be down for a few days.
Of everything I just said, the only thing I feel pretty confident about is Nov. thru Apr. could be really good.

lol no just a down day…. But you will get to use that statement after the election;)

The SKY is falling!

why? economy still has juice, but market won't get all the Fed cuts it wants, which may be why it is grumpy today, along with geopolitical risks in Mid East

Be Leary Of The Reversal

SQQQ BABY

It’s down right now

whats happening today

Closely watching WMT and COST here -
Classic, toppy patterns, valuations way too high -
They're ready to break and they will take down the entire market -
a solid 10% drop.

ALL OF THAT DOES NOT MATTER PERIOD !!!! WAKE UP !!!
WHAT WE HAVE HERE WHETHER YOU BELIEVE OR NOT IS A MARKET THAT """ WILL NOT BE ALLOWED TO GO DOWN """"
YOU NEED TO UNDERSTAND THAT, MANIPULATED OR NOT IT DOES NOT MATTER.

Economy is looking worse than ever. Even with USA putting in more than $40 billion for the week into the economy and markets, we could only get 260,000 jobs. Borrowing and injecting $20 billion should have been enough to get over 300,000 jobs. Doubling this to $40 billion even couldn't do it. Debt is exploding. Now, most companies are reporting lower EPS than prior year. Ugly!

The indicators I follow -
the charts I look at -
We're ready - down hard, fast and vicious.
on the SPY and QQQ, we have weak volume, no confidence,
MACD crossover to the downside, ready to occur.
Casino market and the gamblers will quickly bail -
Retail, small traders are stuck here at the top.

Recipe for disaster.

Out 573C..28!----Be back latter for Apex Climax !!

Vix 5 min Falling Wedge B/Down 20.66 ! ---Nice Apex !

Nice Triple Bottom Bounce off the SPX 30 min Red Line Thurs! ( Rule of 3) ----Like I posted earlier---30 min has to be Taken Out for Mkt to decline!--No Dice ! ---The rest is all Talk !!

Resistance SPX Fib 5736 !----2nd Test ?

Back in 573C .32!

JUST GO LONG AND STAY LONG !!

Out573C .34! Reenter !

SPX 6000 IN ONE WEEK !!!

ES 5 min have a nice Rising T/l---Ty Lows last 3 Days !---Add in ES Pivot at 5786 ---Bingo!--- Rising Wedge/Triangle !----Now Coiling in the Apex ??

Charts: ES Retake Da 5 min Red Line----SPX Retake Da 5 Red Line & Pivot !----Both Above Their 15 min Red Lines----Short Term Bulish----Intraday Wait and See On Vix ?

Ridin 573C .38?---Vix back down to it's 5 min Red Line & R1 20.30 ?

Vix Upside Fibs in Play--21.08--21.41-----Downside--Vix 5 mim Red Line at 20.73 & Vix R1 at 20.30 !

Roger That !

Thanks man!!

Pivot Calcs:--SPX Pivot:--5735----R1--5768----R2--5786----S1--5717----S2--5684-----SPY Pivot--571----R1--574----R2--576----S1--569--S2--566 !

A CAPITAL ROTATION event appears to be in progress. If so, a stock market shock is likely, and geo-political events are likely to worsen. Stock markets are likely to fall 50-80% over 12-24 months, with precious metals & oil soaring in the years ahead

Good luck

I had thought so in the 360 range.

Glad I saw the turn signal light near so.

The wheels will keep spinning;

When we think it is the “bottom” and everybody runs in to buy the “bottom”, it won’t be the bottom.

Wheels on the Bus look to be getting a little loose....Next week might be the Bomb!

You too.

Into the Apex for Monday!--Have a nice Weekend !!LOL!!

Closed 572C .88 ! Daily Double! Take It !

Sold1/2 572C .76 !

Waggin 572C .38 into the Close ?

What a coincidence debt to gdp is 120% lol

Stocks are about 120% overvalued. CAPE PE ratio typically should be 12-18, but earnings are decreasing compared to prior year for most stocks. PE over 22 is very risky. Right now, we are seeing Cyclically Adjust PE ratio (CAPE) at 37. This is extremely bearish, and 60% drop is coming (and even after 60% drop, stock markets would still be overvalued).

Charts: 2 Tests of 5603 Today! ( Rule of 3 Next ?)-----3 Tests of SPX 30 min Red Line !---Will Rule of 3 Kick In ?? Smarts R in Da Charts !! --- In/Out Rest Day !!LOL!!

Out 567P.68!-----5 min SPX & Vix in Triangle Apex!----5603 Da Boss ??

Out 1/2 567P .86! Lets see ???

Vix Hit Target Fib 18.83!-----Now Reversed back up ---Target Vix Fib at 20.13!----Vix 5 min Rising Triangle formation !

Another SPX 5 min Falling Triangle---Base Da Red Line & 5603 !---Ridin 567P .52?

Mkt Needs Close Above SPX 5720 to Clear Out the Thurs Inside Day !