Resolution time window
Comentário:
Consensus speculative positioning/hedging finally bullishest of the year. Good precondition
Comentário:
Seems the triangle is a bit different but effect is same
Comentário:
Bears have capitulated across variety of metrics. Price action needs to confirm still
Comentário:
Very risky waters here
Comentário:
More and more likely action from mid June to end Aug is triangle Wave 4, so then currently should be some Wave 5 of lower degree
Comentário:
FED announced QT to begin Oct 2017. Just let me do a simple analogy: In 2014, FED stopped QE in Oct 2014, US Eco peaked in 1Q15 and SPX topped out in May/July 2015. Now, FED starts QT, US Eco is still accelerating but let's say it peaks in late 2017/early 2018, then SPX makes a major top in May 2018 at around 2700?
Comentário:
Will be interesting to see whether algos will raise SPX higher into 2520s by Q end (it is quarter end next week). I will be surprised if not, seems it is Wave 5 of 5 of 3
Comentário:
Toiling, toiling for marginal/meaningless new highs, but time consuming
Comentário:
As expected, higher high into Q end
