10/20 setups

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PATIENCE - We are just seeing an attempt of a bounce which requires having the patience to wait for the market to stabilize. After the market stabilizes there will be more and more trades setting up. Until then it’s best to stay away and just wait for more signs of a bottom. Let’s keep in mind that the 10-year cycle indicates that 2015 will be a roaring bull market.

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SP_20YrStudy

 

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10/17 setups

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CAPITULATION - Studying the price action of the past days it’s clear that we are seeing capitulation. This can be seen as panicky “get me out now” price action where forced selling occurs which can be seen by the impulsive nature of the move. This is completely normal in a bull market where prices tend to be corrective, or wiggle up slowly, in the up moves and impulsive on the down moves. The 10-year cycle indicates that 2015 will be a roaring bull market, don’t let this price action scare you.

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SP_20YrStudy

 

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10/16 setups

In setups by Mosse RodbayLeave a Comment

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CAPITULATION - Studying the price action of the past days it’s clear that we are seeing capitulation. This can be seen as panicky “get me out now” price action where forced selling occurs which can be seen by the impulsive nature of the move. This is completely normal in a bull market where prices tend to be corrective, or wiggle up slowly, in the up moves and impulsive on the down moves. The 10-year cycle indicates that 2015 will be a roaring bull market, don’t let this price action scare you.

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SP_20YrStudy

 

long

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10/15 setups

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HOSTILE - There is very little evidence that supports the long side. While the selling looks extreme it never pays to get too bearish when the general sentiment is very negative. The markets tend to fool the majority why one has to stay open minded at all times. This market can turn on a dime as we enter the last quarter of the year.

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SP_20YrStudy

 

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10/14 setups

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HOSTILE - Despite bullish seasonality we have yet to get any indication of a reversal. Setups have failed to hold why it’s best to wait for better market conditions. Hostile trading environments should be avoided as they tend to lead to many paper cuts that can turn into a wound.

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SP_20YrStudy

 

long

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