Your daily S&P chart shows a mild correction in late june...early july after which mkt goes up and experience sharper correction in sept/oct but your weekly chart shows mild correction happens in late july .... early august...?
The daily chart does not extend out yet showing another cycle that will align with the correction into late July per the weekly. We do not project out that far until the present cycle is complete.
I closed my BTC futures calls back in January. Haven't touched it since. It did the deal, I took the bag and ran. I did close a bit early, 10% below the top, but I got all that cream in the center of the oreo.
Sir you said that u see a good downside in teach stocks which are having heavy weight in S&P then how can be market only take a 3-4% correction if heavy weights fall badly? I didn't understand this 😕
Daily $DJT & RUT both in negative momentum. Daily $DJI trying to go positive momentum. First week of July still looking like the cycle low for quite a few products. Russell 2000 futures have been very profitable short for a while now. The start and end of July look little shaky right now. Depending how low this pullback gets should really help forecast Aug/Sept. For daily RUT cycle lows I have July 9, Sept 23 and Nov 30. I count a 11 out of 13 past cycles (85%) hit ratio. That index is extremely reliable. A divergence still exists between RUT & $DJT versus the other indices. Not sure that's enough to pull the other indices down, but probably will happen.
great job Slim and Team. Very transperent. GREAT TOOLS for a definite edge. GET THESE TOOLS if you want to succeed in trading
as always, your views are greatly appreciated
Glad you like them!
Thank you Slim. Your analysis is always appreciated!
My pleasure!
Your daily S&P chart shows a mild correction in late june...early july after which mkt goes up and experience sharper correction in sept/oct but your weekly chart shows mild correction happens in late july .... early august...?
The daily chart does not extend out yet showing another cycle that will align with the correction into late July per the weekly. We do not project out that far until the present cycle is complete.
I closed my BTC futures calls back in January. Haven't touched it since. It did the deal, I took the bag and ran. I did close a bit early, 10% below the top, but I got all that cream in the center of the oreo.
Great you did well
Sir you said that u see a good downside in teach stocks which are having heavy weight in S&P then how can be market only take a 3-4% correction if heavy weights fall badly? I didn't understand this 😕
That is what I described for the corrective. Into July or early August you can see the charts are suggestive of a riskier market Later in the year.
Daily $DJT & RUT both in negative momentum. Daily $DJI trying to go positive momentum. First week of July still looking like the cycle low for quite a few products. Russell 2000 futures have been very profitable short for a while now. The start and end of July look little shaky right now. Depending how low this pullback gets should really help forecast Aug/Sept. For daily RUT cycle lows I have July 9, Sept 23 and Nov 30. I count a 11 out of 13 past cycles (85%) hit ratio. That index is extremely reliable. A divergence still exists between RUT & $DJT versus the other indices. Not sure that's enough to pull the other indices down, but probably will happen.
Thanks for your comments and input. Yes the nature of a correction now will help us with the projection for the next upward push.
Good luck Slim!
Thank you very much!
Would U be so kind to do DIA analysis by any chance?
We do not regularly do the analysis on the DJI. It is available upon request for our level four member.
I will avoid LVS. EEM is trending up. I can dig it.
✔️
Thank you Bitcoin 🙏
My pleasure!
IWM/DIA vs QQQ/SPY someone's very very wrong between those indexes..lol
Yep
Thanks boss❤👍
Welcome
I been trading GS good money both ways
Excellent
You think this is the cycle top or you expect bullish action after August?
I think the charts and my discussion show this clearly in the show