MAgicTrx

MAgicTrx

TLT has this progression of containment MAs and ratios: 450 period - 700 days 1.5 ratio 246 - 450 1.8 30 - 70 2.3 17 - 40 2.3 I have the sense that a violent and/or significant reversal is imminent. Will it be the Israel conflict that incites it? A particularly weak NFP this Friday? A...

MAgicTrx

Well we have a nice start to a waterfall. Do we get a Black Friday and or Black Monday? It’s the season!

MAgicTrx

Stuck between the 18 day MA of highs zero slope MA and the 18 day MA of medians. That appears to be the pivot band. Will try to get short on new lows if it progresses south.

MAgicTrx

Israel? The fed? It won’t matter why. SPY already through the zero slope MA of highs. This afternoon and or Monday could be epic.

MAgicTrx

Well 8 days under the 2 day MA of highs. That’s usually about it around a 4 to 1 ratio. Let’s see if we get a reversal tomorrow or Friday and how serious it is.

MAgicTrx

3 concentric containment MAs. Are we done with this lengthy and parabolic slide? Today felt like a bottom of sorts to me.

MAgicTrx

Progressively tighter containment MAs portend possible imminent rally. Possibly brief but May be explosive.

MAgicTrx

About 89 days under the 89 day MA of highs. Truly a perfect consolidation example. Could be a significant rally if it breaks through higher. If very long multi year top holds it could really crater.

MAgicTrx

Well GLD sits around 179 and my entry band is around 181. Let’s see if we get real headway this time up.

MAgicTrx

It is rare that a market that has achieved more than a 4:1 containment ratio will continue without a retracement. USO 15 days over the 3 day MA of lows. Let’s watch for a correction next week.

MAgicTrx

Let’s see if the market goes for the recent lows over next few weeks.

MAgicTrx

Stuck between 2 zero slope MAs of median price, perhaps this week will offer some significant guidance on direction.

MAgicTrx

Well 8 days over the 2 day MA of lows. That’s the rare sort of containment ratio I might get short preemptively.

MAgicTrx

Through the zero slope MA of lows. Maybe we get a full pivot through the zero slope MA of medians this coming week.

MAgicTrx

Watching the 20 day MA of lows and 7 day MA of medians. To me those are the zero slope MAs of merit going into this coming week. No bias. Just waiting and watching. I expect a resolution by the end of this coming week.

MAgicTrx

Was that the bottom? Through the zero slope MA of lows. Let’s see! Maybe more with tomorrow’s numbers.

MAgicTrx

5 days above the 2 day MA of lows and above the 3 day MA of medians. I know what I am looking to do tomorrow/Friday!

MAgicTrx

Let’s see if we don’t get a sell off into the close and or on Monday