Weekend update

Sorry, no update this weekend. Not much to add anyway, as the markets remain volatile and the correction complex. Enjoy the long weekend!

About tony caldaro

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258 Responses to Weekend update

  1. mcgcapital says:

    Still no bottoming pattern.. nearly every bottom sees a spike down followed by sharp rally of at least 2-3%, and the pullbacks tend not to overlap.. then the rally runs for at least a week or so.

    So far we keep getting spikes down into the right areas e.g. 2580s on 23rd March and 2550s yesterday.. but the rallies off the lows don’t look like new uptrends. Suggests it goes lower still.. 2530s next obvious target, although suspect 2400s is where the downtrend low is

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  2. stan911 says:

    1st gap at 2651

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  3. $SPX….200 day broken (shake out) & reversed, classic reversal, also, the successful test of the prior low…looks good, so far. I’ll never forget that false sense I once had of a 3rd of a 3rd decline that did not happen. Also, Tom deMark combo buy on oversold condition. Holding is key today.

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  4. phil1247 says:

    spx 2620 target

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  5. a 14 point pop in a minute. Wow. Hold on last hour going to be interesting

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  6. the battle of the 200 day. hope its a better game then the Michigan vs Villanova game

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  7. vivelaamo says:

    Anyone know much about M Tops? If I wasn’t so bullish Id be worried.

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    • Jack kendo says:

      it’s W Bottoms, not M Tops as perma bear says, lol
      the worst for int iv is 2530, while the upside for int v is 3000 ~ 3100.
      downside risk is 70 points, upside is 400 ~ 500 points.
      which way you wanna stay?
      cheers!

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  8. NEWBIE says:

    The masses are bullish as we just keep drifting lower.

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