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Shortentry

Probably at or near Dow top for short entryWave model projected 25076 on Dow got to 25070. Divergence in indices suggests flight to quality - dumping tech to buy blue chips, nervous toppy behavior. Can go higher but is due for a pullback and possibly a substantial drawdown. Wave C could carry to 23800 or lower. Could get a shooting star Tues to confirm topping. Other indexes already moving lower and global markets showing weakness. Reactionary wave B is ending- soon. Shorts placed and puts purchased at or above this price level are probably about lowest risk you can hope for in this game of high stakes risky business. Good luck! PS An SPX trader has observed that over past 3 months wave highs occurred at New Moon; Wave lows follow 2 weeks later at Full Moon- neat! Let's see if it holds...
DJ:DJIShort
by DaddySawbucks
5
Dow Short Entry Pivot Possible 7-11-180709: +320; 0710: + 140; 0711: +60? Can they bull it through 25K? Maybe we get a shooting star Doji for short signal on Wednesday. Will soon see. Earnings season incoming: they bought the rumor, will sell the news. Runup in banks based on earnings expectations. Tech already tanking; hanging man Doji on Nas. Divergence in NDX +0.04% Dow + 0.58% SPX +.35% = "Flight to quality" Sold calls to close and bought some DIA 250 September puts today at 24940. Short entry probably safe close to or above 24980 if we see that on 7-11. Support for Elliot wave C at 23800. Expect a lower high in August before possible big break in September. Look at the '1987' chart posted last week- fits like a glove. Good luck!
DJ:DJIShort
by DaddySawbucks
1
EURUSD 60min. SHORT POSITION SETUP !EURUSD keeps declining driven by its short term resistance line (drawn red on chart). In view of this I establish a short entry setup right at the 50% FIBO retracement of 29/7 (1.10784) and yesterday's low of 1.0882. The idea is well backed up by the fact that price is well below the 100 hour simple moving avg. Sell limit @ 1.0980/85 SL is placed right above the a.m. resistance around 1.1030/35 Target is around 1.0880/85 Please note this is a short lived trading setup, if the trade not triggered before NY session close, it will be deleted !!
Short
by hpis44