Market direction for the rest of this year

luckystar2006

I created below special charts with notes, only for HTers, before heading out for Christmas shopping as we are going to hold a party for friends this year.  I won't type much for now since I already spent over an hour to create these charts & my gf is rushing me to get off my computers.

This chart shows why market is NOT going to repeat similar to the one in August 2015

luckystar2006

This chart shows not much rooms left on the downside

luckystar2006

This intraday chart works so many time in the past

luckystar2006

Statistics are strong for the rest of this year (courtesy of Ryan Detrick)

wnd4

xiaoxiao08

many thanks...

源济

谢谢分享，周末愉快！

georgeyn

cfayahoo

luckystar2006 发表于 2015-12-19 01:44 PM
Statistics are strong for the rest of this year (courtesy of Ryan Detrick)

Any target for the rally next week? If there is a one this yr

yanzi

Many thanks. Have a wonderful holiday.

恒一

yhwang

拭目以待

TNA

Thanks a lot
Agree with you. IWM was relatively stronger this Friday.
I still have 1/3 of cash in my account and will add more shares if the market keeps going down next week.

luckystar2006

I'm back to post another chart that I don't feel quite comfortable for if I'm with the bull's camp.   Have a look at the red circle.  It shows upper and lower BB are getting too wide.  Vertical red lines show past scenarios where either market might rebound for few days before testing it's previous low or market continued to make lower low for few days and then forming a short-term bottom.  Both scenarios suggest a lower low ahead.

As much as I've positive views about market, but I trade cautiously because I believe the current environment is quite difficult and challenging for traders to make some livings.  So, be careful and good luck to everyone.

TNA

Thanks for the warning.
Let's see what will come out....

cfayahoo

luckystar2006 发表于 2015-12-20 12:06 AM
I'm back to post another chart that I don't feel quite comfortable for if I'm with the bull's camp.  ...

Maybe drop after Christmas week? We will know more tomorrow!

bucks

thanks a lot for sharing!

快乐小女人

wnd4

这个图和你的结论与你在 “Getting ready to build cases for a bottom“ 的结论矛盾。这个图cover 更长时间段。哪一个更准确？谢谢。

补充内容 (2015-12-20 04:21 PM):
我指的是14楼的图

luckystar2006

This is what I've been busy for during the whole weekend.  We ran around stores to buy stuff for our x'mas tree.  She wanted a bigger tree, but I'm happy with this one