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Morning Notes 07/18/19Morning Notes 07/18/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, (Sorry for the lack of posts and delay in these morning notes. I have been extremely busy and actually taking some days off) Futures have been bouncing around all morning. Buyers did step in at the 50% Fib line and technicals are oversold on the 60 minute /es. If we bounce some today, it would make sense, but I am thinking bears will be waiting at 2994 (/ES) That is where the 50/200 are crossing and if the bears fail to hold the bulls down there, new highs or a test of the highs is likely. The pattern on this Fed Induced rally has been push the tape higher in overnight trade, sell when the bell sounds and buy the last hour of trading. The pullbacks have been typically 50 points which is almost exactly where the bulls stepped in overnight and pushed the /es up some 10 points. What does all of that mean? If the bulls push the /es through the 2994, most likely it will be business as usual and the pattern remains in tact. If the bulls fail to push above 2994 and the bears take out the 2970/2957 support zone, the pattern has changed. That would open the door for a deeper drop, most likely down to the 2915 area. I am still looking at the 2964 support on the spx as the line the bears need to push through. That would open the door for a move down to the 2912 on the spx. I am open minded for today as far as direction. I still believe lower would make more sense here, but Mr. Market doesn't care what I think. Today range for the spx 2989 high and 2981 low. A break of 2989 the SPX should try for the spx should try for 2994/2998. A push below 2981 we could see 2972/2964. G- SPX CASH 60 minute Technicals Stochastics: Neutral-Coming Off Overbought Divergences- Bearish Divergences Resistance Levels: R1-2989 R2-2994-17 R3 2998 Support Levels: S1-2981 S2-2972 S3 2964 Trending Pivots: Lower
SP:SPXShort
by sentimenttiming
1
Fractal Pattern-07/11/19 Morning NotesAs you can see on the chart (Lighten bolts) we are in a fractal short term topping pattern-which COULD turn into something more, as we have an important weakness period approaching. The last one was ignored, but as we explain to members, even though it was ignored by the market (Fed) it doesn't change the dynamics of the overall structure of weakness into the next low date. Once we top, if history is our guide, most, if not all of the gaps from the 2723 low will get filled in a very fast manner. I do not believe this time will be different. The low date has been identified as well as the VERY WEAK time period. Maybe it will be ignored as well, but in the 5 years I have been working with Woody, I have NOT seen (2) get ignored) Take a look at our free Market Timing Report-below in the profile section. Morning Notes 07/11/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures have been all over the place for the past 2 days. The one common theme for these moves is the Fed. Yesterday Powell came out with how bad things are and he will cut in July (basically what he told the markets) and today the CPI came in hot and the street is trying to figure out how much/many rate cuts will take place after July. The CPI numbers this morning sent the /es from +9 to +2 and they have crept back up to +5 as I type this update. I have said this before and will say it again, the street is pricing in perfection here. If the Fed does one rate cut and is done, we could see the spx back down near the 2400 level, the 1+ BP is what is being priced in right now. We are in some interesting times here! The spx bulls have to push price above 2998 and then 3004 to try for 3010 and that will have to be done with bearish divergences and overbought technicals in place. The bears have to push price below 2989 for a test of 2981 and then 2973. They have the technicals on their side, but have yet to push price through any important support levels and until they get the spx below the 2963/2952 support zone, the bulls will hang around. Today range for the spx 2998 high and 2989 low. A break of 2998 the SPX should try for the spx should try for 3004/3010. A push below 2989 we could see 2981/2973. G- SPX CASH 60 minute technicals Stochastics: Overbought Divergences- Bearish Divergences Resistance Levels: R1-2998 R2-3004 R3 3010 Support Levels: S1-2989 S2-2981 S3 2973 Trending Pivots: Higher Can The Stock Market Be Predicted? Below are a series of predictions we made from September. Take a look and you will see, yes they can and nobody does it better than Woody Dorsey! February 14, 2019: Nominal tactical weakness has been due into 2/22. Now, to reiterate, “nominal tactical weakness” is not a “Sell” signal. It is just the timing profile. Again, as noted: “The Interim profile is still Bullish .” The December Low was excessive, and the rebound is becoming excessive too. If a corrective range is forming, another or, several 2-3 day declines may occur over the next two weeks. Now, the next nominal trading high is due near 4/10ish. That does not mean stocks are just going higher from here to there by any means. It makes the most tactical sense for stocks to correct or to become congested for a while. • Near Term Diagnosis: Sentiment is 83% Bullish today following a relatively rare 97% bullish yesterday. These are clearly cautionary. • Interim Term Diagnosis: The Interim Trend still allows for recovery rallies, by fits and starts, into at least early April or perhaps even into June. 10/16/18 Sentiment Timing Report: MARKET TIMING: A tactical trading low was ideally due last week and came in on 10/11 synchronous with the 0% Bullish . This week is messy with an upside bias due next week. Given the expansion of the range, it may all amount to not very much: “I still foresee a notable relief rally in November. That may be followed by more weakness than anyone expects into year end.” The code is for a nominal Recovery near 10/26 and, post-Election, engineer a decent upside episode into Thanksgiving followed by perhaps surprisingly robust downside in December. These codes may morph and become more, or less defined, so be aware of that. These are tricky times and “loco” maneuvers can occur. 09/13/18 Sentiment Timing Report: MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.
SP:SPXShort
by sentimenttiming
5
Dorsey On Ether (15% Rise In 1 Day)Dorsey on Ether: 7/8/2019 This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!! From Woody Dorsey: I have been watching the Cryptos all along. They are wonderful new market phenomena. Forget about the Big picture. Sure I can opine on that but their utility is that they are trading vehicles. There is a pattern specific to Ethereum which may now be employed. You can see below how far it has retraced and how oversold it became and that it is now turning up. This degree of decline has almost always been an entry area. What you don’t see but I study is the timing pattern which suggests a trading high in early August. That does not rely on any financial crisis or any big rally in Bitcoin. Of course it could infer either or both of those but it does not have to. So, Do not trouble yourself with any Rationales. Conclusion: Buy Ethereum for a swing trade for about a month. Limit prices are always best in this arena. A little goes a long way!
OTC:ETCGLong
by sentimenttiming
7
Morning Notes 07/09 "Pattern Targets and Top/Low Dates"Take a look at our free Market Timing Report-below in the profile section. Morning Notes 07/09/19-Gary Trading Environment-Short Term: Current Environment-Bearish (There is a pattern target pointing towards the 2800-2625 area-let's watch and see if it plays out) Hi Everyone, Futures are down some this morning, but approaching some support. From Wednesday's report: A new decline is due to begin. Let’s see what Reality may provide in the next two days. There is a negative episode due into at least XX/XXish. A specific negative indicant is also due 7/9ish. Here we are and now we need to see the bears push price through some of the important support levels to confirm a short term top. For the /es, I think a push below 2955 will cause a little uneasiness for some bulls that have been hypnotized to buy every dip-and they have been correct. How do they react if they are wrong? A push below 2955 should cause a reaction trade down to the 2936 and then 2916, which is where the bulls stepped in during the last pull back. If that is lost, then I think we could see some panic selling-which sounds weird, being we are still in the 2900 area on the /es. The SPX looks like it may open right at the 50-dma on the hourly chart (2964) and if that is lost, then I 2943 to come into play in a fast manner. Below that support, a reaction trade down to 2915 should be on deck. Again, that is where the bulls stepped during the last pullback and if lost, should cause some panic selling. Yes, panic selling near the highs happen when we see non-stop gap higher opens, which forces traders to jump in. It doesn't take a lot to trap bulls with this gap up environment and why I have been saying, rallies like this are built on a foundation made of quick sand. And with that said, we still need confirmation that a top is in place. When it is, then we can look for reaction targets and panic selling. Today range for the spx 2979 high and 2964 low. A break of 2979 the SPX should try for the spx should try for 2985/2994. A push below 2964 we could see 2952/2943. G- SPX CASH 60 minute technicals Stochastics: Overbought Divergences- Bearish Divergences Resistance Levels: R1-2979 R2-2985 R3 2994 Support Levels: S1-2964 S2-2952 S3 2943 Trending Pivots: Lower Can The Stock Market Be Predicted? Below are a series of predictions we made from September. Take a look and you will see, yes they can and nobody does it better than Woody Dorsey! February 14, 2019: Nominal tactical weakness has been due into 2/22. Now, to reiterate, “nominal tactical weakness” is not a “Sell” signal. It is just the timing profile. Again, as noted: “The Interim profile is still Bullish .” The December Low was excessive, and the rebound is becoming excessive too. If a corrective range is forming, another or, several 2-3 day declines may occur over the next two weeks. Now, the next nominal trading high is due near 4/10ish. That does not mean stocks are just going higher from here to there by any means. It makes the most tactical sense for stocks to correct or to become congested for a while. • Near Term Diagnosis: Sentiment is 83% Bullish today following a relatively rare 97% bullish yesterday. These are clearly cautionary. • Interim Term Diagnosis: The Interim Trend still allows for recovery rallies, by fits and starts, into at least early April or perhaps even into June. 10/16/18 Sentiment Timing Report: MARKET TIMING: A tactical trading low was ideally due last week and came in on 10/11 synchronous with the 0% Bullish . This week is messy with an upside bias due next week. Given the expansion of the range, it may all amount to not very much: “I still foresee a notable relief rally in November. That may be followed by more weakness than anyone expects into year end.” The code is for a nominal Recovery near 10/26 and, post-Election, engineer a decent upside episode into Thanksgiving followed by perhaps surprisingly robust downside in December. These codes may morph and become more, or less defined, so be aware of that. These are tricky times and “loco” maneuvers can occur. 09/13/18 Sentiment Timing Report: MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.
SP:SPXShort
by sentimenttiming
SP500 Idea before July 31st Rate Cut?It sure looks like the Fed is looking to cut interest rates for the July 31st meeting. But how can it do such a thing if the market is making new highs....that would not make any sense. So Here is my idea. Lets see if I am correct. In the next few days...IMO....I think that the SP500 is going to move up to the neck line of this possible inverse head and shoulders pattern. I think it will reach approximately the 3020 range before swiftly moving down until the Fed cuts rates on July 31st. That's it. I am not sure how deep it wil go but it could be possibly one heck of a TVIX play. This is just an idea for you to ponder.
TVC:SPXShort
by SalN
5
Internal Divergence Extremes-Free Market Timing Video 06/26/19The SPX is at an important pivot point sitting at 2910. If they lose that, we could see sub 2900 quickly. I put together a free video report which goes over some extreme divergences amongst the indexes. You can see that in the link below in my profile (Free Video Report 06/26/19) Many are looking for an additional 600 points higher on the spx, comparing this to the last (2) major lows we made in the past 10 years. They are only looking at the SPX and not paying attention to the RUT or the DOW, which has yet to make new all-time highs. That DIDN'T Happen looking at the last 2 major lows! All the indexes were making all-time highs together. I go over all of this in tonight's free video..Enjoy-G BE SURE TO FOLLOW US SO YOU GET ALERTS ON ANY NEW MARKET TIMING INFORMATION WE PUT OUT!! Can The Stock Market Be Predicted? Below are a series of predictions we made from September. Take a look and you will see, yes they can and nobody does it better than Woody Dorsey! February 14, 2019: Nominal tactical weakness has been due into 2/22. Now, to reiterate, “nominal tactical weakness” is not a “Sell” signal. It is just the timing profile. Again, as noted: “The Interim profile is still Bullish .” The December Low was excessive, and the rebound is becoming excessive too. If a corrective range is forming, another or, several 2-3 day declines may occur over the next two weeks. Now, the next nominal trading high is due near 4/10ish. That does not mean stocks are just going higher from here to there by any means. It makes the most tactical sense for stocks to correct or to become congested for a while. • Near Term Diagnosis: Sentiment is 83% Bullish today following a relatively rare 97% bullish yesterday. These are clearly cautionary. • Interim Term Diagnosis: The Interim Trend still allows for recovery rallies, by fits and starts, into at least early April or perhaps even into June. 10/16/18 Sentiment Timing Report: MARKET TIMING: A tactical trading low was ideally due last week and came in on 10/11 synchronous with the 0% Bullish . This week is messy with an upside bias due next week. Given the expansion of the range, it may all amount to not very much: “I still foresee a notable relief rally in November. That may be followed by more weakness than anyone expects into year end.” The code is for a nominal Recovery near 10/26 and, post-Election, engineer a decent upside episode into Thanksgiving followed by perhaps surprisingly robust downside in December. These codes may morph and become more, or less defined, so be aware of that. These are tricky times and “loco” maneuvers can occur. Comment: 09/13/18 Sentiment Timing Report: MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.
SP:SPXShort
by sentimenttiming
4
06/26/19 Morning Notes SPXMorning Notes 06/26/19 Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are up some this morning, but well off the "We were almost there" comments from Mnuchin, that sent the futures into a buying frenzy. That is just outright stupidity and shows us how these algos are programmed when the programmers are sleeping. China-90% there=buy buy buy. Honestly, that is like a college kid flunking out of school, but saying he got a 90 on one of his tests. Who cares where you were, where are you now? Anywho, I showed you in last night's video that the fractal pattern was looking for a spike up to test the highs. Maybe that still happens, maybe it doesn't. What comes next is important, if it is going to follow the pattern from May. We should see a hard drop once that bounce is completed, if they decide to try and test the highs. I also mentioned in yesterday's morning notes that tops have not formed like the pattern in place-where there is no divergences on the NYAD. I still THINK that may hold true, but as I also mentioned, it may not come until we see a decent size drop to test the 2727 lows. The /ES stopped dead in its tracks right at the hourly 50-dma, which is suggesting the bears may be ready to fight. If they lose that resistance line, then I think we will get the test of 2950-2955. I am open minded today on direction, as down or up makes sense. 2800 is still my downside target for now and if the bears can get a little viral action going and get below 2800, then I think the 2750 gap will get filled. 2910 on the spx is important for the bears to push through now. Today range for the spx 2926 high and 2910 low. A break of 2926 the SPX should try for the spx should try for 2932/2941. A push below 2910 we could see 2897/2883. G- SPX CASH 60 minute technicals Stochastics: Overbought Divergences- Bearish Divergences Resistance Levels: R1-2926 R2-2932 R3 2941 Support Levels: S1-2910 S2-2897 S3 2883 Trending Pivots: Lower Can The Stock Market Be Predicted? Below are a series of predictions we made from September. Take a look and you will see, yes they can and nobody does it better than Woody Dorsey! February 14, 2019: Nominal tactical weakness has been due into 2/22. Now, to reiterate, “nominal tactical weakness” is not a “Sell” signal. It is just the timing profile. Again, as noted: “The Interim profile is still Bullish .” The December Low was excessive, and the rebound is becoming excessive too. If a corrective range is forming, another or, several 2-3 day declines may occur over the next two weeks. Now, the next nominal trading high is due near 4/10ish. That does not mean stocks are just going higher from here to there by any means. It makes the most tactical sense for stocks to correct or to become congested for a while. • Near Term Diagnosis: Sentiment is 83% Bullish today following a relatively rare 97% bullish yesterday. These are clearly cautionary. • Interim Term Diagnosis: The Interim Trend still allows for recovery rallies, by fits and starts, into at least early April or perhaps even into June. 10/16/18 Sentiment Timing Report: MARKET TIMING: A tactical trading low was ideally due last week and came in on 10/11 synchronous with the 0% Bullish . This week is messy with an upside bias due next week. Given the expansion of the range, it may all amount to not very much: “I still foresee a notable relief rally in November. That may be followed by more weakness than anyone expects into year end.” The code is for a nominal Recovery near 10/26 and, post-Election, engineer a decent upside episode into Thanksgiving followed by perhaps surprisingly robust downside in December. These codes may morph and become more, or less defined, so be aware of that. These are tricky times and “loco” maneuvers can occur. Comment: 09/13/18 Sentiment Timing Report: MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.
SP:SPXShort
by sentimenttiming
2930 Important! Morning Notes SPX 06/25/19Morning Notes 06/25/19-Gary Dean Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are fairly flat this morning and the pattern in place is NOT calling for a drop, but rather another new high pending. It doesn't mean it has to hold above the new highs, just that new highs have much greater odds than the spx breaking down here. That is not an all safe to buy, but rather don't be shorting aggressively here, as 2970 or higher could be here sooner rather than later. We have spent 2 days in a simple consolidation pattern and that is why I am saying we see higher before lower, that is all. This is not the way ANY previous tops have formed and until we see a 20+ move lower, one has to look at this as consolidation and the bulls remain in full control. There are warning signs that a top is near, like bearish divergences, resistance and wave structure, but as I said, I don't see it happening until we see what looks like consolidation, turn into support being busted to the downside. With that said, I do see a larger move down pending and if we do get new highs like the pattern is suggesting, I believe they will come with sell signals on the NYAD, which is what I base true tops off of. They are not in place just yet, but they also weren't in place when we made the previous all-time high. We did get a 200 point drop, but as the NYAD was suggesting, that was NOT the real top as we see now. Where am I going with all of this? Short term, the pattern is suggesting higher before lower. An little longer view or a 2-3 weeks, I do see a 100-200 point decline pending, which I also believe will find support as well as buyers. Let's forget about any crashes or bear markets, that really does nothing for us right now and take things one move at a time. Until the bears can push the spx below 2930, the bulls remain in control. I may end up being dead wrong with the pop higher first, but I can only look at the pattern and the way we have traded since making the top on Friday-and that is suggesting another pop higher. Today range for the spx 2948 high and 2941 low. A break of 2948 the SPX should try for the spx should try for 2954/2960. A push below 2941 we could see 2930/2916. G- SPX CASH 60 minute technicals Stochastics: Overbought Divergences- Bearish Divergences Resistance Levels: R1-2948 R2-2954 R3 2960 Support Levels: S1-2941 S2-2930 S3 2916 Trending Pivots: Neutral/Lower Can The Stock Market Be Predicted? Below are a series of predictions we made from September. Take a look and you will see, yes they can and nobody does it better than Woody Dorsey! February 14, 2019: Nominal tactical weakness has been due into 2/22. Now, to reiterate, “nominal tactical weakness” is not a “Sell” signal. It is just the timing profile. Again, as noted: “The Interim profile is still Bullish.” The December Low was excessive, and the rebound is becoming excessive too. If a corrective range is forming, another or, several 2-3 day declines may occur over the next two weeks. Now, the next nominal trading high is due near 4/10ish. That does not mean stocks are just going higher from here to there by any means. It makes the most tactical sense for stocks to correct or to become congested for a while. • Near Term Diagnosis: Sentiment is 83% Bullish today following a relatively rare 97% bullish yesterday. These are clearly cautionary. • Interim Term Diagnosis: The Interim Trend still allows for recovery rallies, by fits and starts, into at least early April or perhaps even into June. 10/16/18 Sentiment Timing Report: MARKET TIMING: A tactical trading low was ideally due last week and came in on 10/11 synchronous with the 0% Bullish. This week is messy with an upside bias due next week. Given the expansion of the range, it may all amount to not very much: “I still foresee a notable relief rally in November. That may be followed by more weakness than anyone expects into year end.” The code is for a nominal Recovery near 10/26 and, post-Election, engineer a decent upside episode into Thanksgiving followed by perhaps surprisingly robust downside in December. These codes may morph and become more, or less defined, so be aware of that. These are tricky times and “loco” maneuvers can occur. Comment: 09/13/18 Sentiment Timing Report: MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.
SP:SPXShort
by sentimenttiming
1
06/17/19 Market Recap/Free VideoNot a lot to go over tonight, but warnings are being sent not become complacent in this environment. Volatility has been compressed and the pattern I am following, which I go over in the free video report in my links below, is suggesting we are just making a bear flag. Of course, we may have to wait until Wednesday to get an answer as to what the market has in mind, but I am hearing some warning signs about the Fed not following through on their "we will save the markets by cutting rates" jaw boning they did to get us here. I guess we are closing in on whether they meant it or not. The issue I see, if they don't pitch a perfect game Wednesday, the market has priced in perfection. Enjoy the video..G
SP:SPXShort
by sentimenttiming
5
Fed Week-Boring Week!We are beginning the week with talk about the Fed cutting rates and typically we will see the markets flip flop with a grind higher into the decision. There is a channel in place and I would not be surprised to see us stay within it until the algos are triggered one way or another after the Fed decision. I don't think they will do anything, but it may be more about their wording that moves the markets. The preferred pattern is lower, but as I have been saying since the 2910 highs, until the bears show up and push the spx below 2870, the bulls will just hang around. Now is NOT the time to become complacent. Even if the bulls do try higher first, it doesn't have the makings of a sustained rally/breakout. Using overnight trading to do most of your work, like we have seen, is a foundation made of sand. The market dynamics have changed and not many are paying attention to it. Even if the Fed decides to cut rates, what do they have in their arsenal, 2 cuts and they are dry again? Maybe they can start another round of failed QE? But that would completely wipe out the pension funds as well as other central banks. This is just my opinion, but I think they are testing the waters on "jaw-boning" markets out of capitulation and that is it-meaning they will just throw rate cuts out there and have no intentions of cutting. Watch the channel-it looks like a bear flag and we have some important dates approaching. G
SP:SPXShort
by sentimenttiming
6
TVIX: Sell opportunity on 1D.An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TShort
by InvestingScope
Wait For A Bounce? Morning Notes #SPX 05/29/19Morning Notes 05/29/19 Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Would you like to learn how Woody manages the markets using trader psychology and all of his other methods from his book-in a simple to read PDF? Register for free ebook below Futures are under some selling pressure this morning and I had a good conversation with Woody yesterday. He told me that waiting for the perfect entry may not come. This is a very unique pattern in place and it is going to catch many flat footed. The market is going down and he did identify some days when we could see a bounce, but don't expect the perfect entry to show itself. I have some areas I am watching and I am going to start layering in short positions today (I will send out the sell triggers via email later) We may get in and see some type of bounce, but that is why I will be layering in positions instead of going all in (new entries) My game plan here is to send out resistance areas to look to get short and if it doesn't get there, sell triggers with breaks of support levels. His message to me was, even if I get in and we are 15-30 points underwater, when the Dorsey Kill Zone is in full swing, seeing 200-300 spx points lower could come quickly. That is not a guarantee, just what this pattern is suggesting to Woody. He says it is a rare set up that doesn't come around too often. The SPX looks like it is going to open right at the 200 dma (2777) and I wouldn't be surprised to see some buyers waiting (they have been trained to buy the moving averages) they will also most likely be the ones who are panic selling at the lows with Dorsey Black Hole in play as well. If the bulls fail to hold that support line, I am expecting a panic move down to the 2722-ish area, maybe by weeks end. The bulls have to get the spx back above 2800 for a reaction trade up to 2820/2825-ish. IF and only if they can get above 2820/2825, they will have wiggled themselves out of very short term trouble and 2840-ish would be the next resistance area to watch. Today range for the spx 2800 high and 2777 low. A break of 2800, the SPX should try for the spx should try for 2815/2820. A push below 2777 we could see 2766/2746. G- We are entering a very rare opportunity that doesn't come around often. Don't try and manage it on your own! Let the person who created this pattern that has held true for over 40 years guide you (Woody Dorsey) Special Rate Plans-Are In The Links Below Save up to $400 A Year! SPX CASH 60 minute technicals Stochastics: Oversold Divergences- Bullish Divergences Resistance Levels: R1-2800 R2-2815 R3 2820 Support Levels: S1 2777 S2 2766 S3 2746 If you like our post and would like to continue seeing them, please help us grow our network-Thanks You!! 1.) like our post with a thumbs up (each post) 2.) follow us-you will be alerted via email with each post we enter 3.) leave a comment (It could be as simple as Thanks) (each post)
SP:SPXShort
by sentimenttiming
1