MEJT predicts huge move from Monday August 31th

 Interesting times ahead!

https://youtu.be/VSjq7Xdmnvk

I have noticed that often 13 higher close (modified TD combo) marks a top and are followed by a sell-off.. So I'm expecting that the big move on Monday will be on the downside:

Also we have a TD Combo on 2Days chart:

I think the following scenario is most likely:

Week-end update - Sunday, August 23rd 2020

Hello traders,

The bull train continues slowly higher. Next target is @ 3460SPX 

Looking at the weekly chart, I notice a TD trend-line projection up to 3460 SPX.

Also we have completed bar no. 7 of a TD sell setup on the weekly.

Furthermore, on the same chart, I notice we completed bar no. 12 of a TD Combo sell.

All this indicating further strength and higher targets.

Looking for 3460 SPX by early September.

The weekly DOW (DJI) charts shows a price target projection up to 29470, that is a price target 5,5% higher from Friday's close:

Trade well ;o

Correction

Hi traders,

I had a wrong TD Combo sell count on my last blog post with tiltle " Strong correction into full moon 3 - 4 th of August"

The chart shows there a no. 13 TD Combo but should have been a no. 12.

In fact no. 13 is printing today as I'm posting this.

In fact, TD-combo sell signals are now forming on 4 hr charts and daily charts (observed on SPX and NASDAQ).

VIX touched lower Boolinger Band and should be soon ready for a reaction upwards.

Today we have a full Moon. Notice what happens each time there is a full Moon:

Strong correction into full moon 3 - 4 th of August

Watch out below!

Strong correction to SPX 2900 level is expected for next week.

Trade well ;o

MARKETS APPROACHING A MAJOR CYCLE HIGH

Hello traders,

According to Raj times and Cycles we are in for a major cycle high today or tomorrw the 9th of July:

"What's Next: We rally to a July 8-9 major High and start a relatively sharp decline."
http://timeandcycles.blogspot.com/2020/07/july-8-9-is-master-cycle-major-high.html


That seems to be in line with mr. J Tennant bearish expectations for the days to come:

Not very convinced but i'm pretty sure we will close the gap on the daily chart @ 3190 before we consider any correction:

SPX trading pattern prediction for Monday June 3th, 2019

SPX trading pattern prediction for Monday June 3th, 2019

Hello traders,
For Monday, I expect a gap down and that we print a target down at 2723, from there we start a rally to a target at 2820 SPX, to be reached in few trading days!

The following chart shows trading pattern prediction for SPX, we should see an early high around 10 am and decline into a low at 10:30....

Remember, that this indicates high and lows in time and not magnitude.

Happy trading! ;o

MEJT stock market forecast 31 MAY 2019:

MEJT stock market forecast for 27 MAY 2019... strong gap up on Tuesday?

A gap up scenario is possible but I'm pretty sure that it would be short lived.
We could have a dead cat bounce up to test the TD trend-line (previous support on daily chart) and then turnaround and  dive below 2800!
Risk Off!
Do not make mistakes, lower lows on daily chart are expected.

Having said that, I still believe we will move higher into the new moon around June 3th !

Prepare for some rock and roll market moves 😉 

SPX trading pattern prediction - Thursday, Mai 2th 2019

SPX trading pattern prediction valid for Thursday, Mai 2th 2019

Tomorrow's pattern is expected to be the one with an early low and a late high. The early low expected at around 10:30 and most of the time followed by a rally to closing bell, ending at the highs of the day.

Trade well ;o

Here follows some typical trading chart patterns applicable for tomorrow;

Expected trading pattern for SPX, Tuesday, April 30th

Hello traders,

we start reviewing today's pattern, and the following was expected:
Monday's pattern is for the most of the times a trading day with an early high (around 10 am) followed by a decline to a low at around 12pm then a rally to a lower high at closing bell.

Below is SPX 5 min. chart for today and as we see we had a high after 10:30 am a low at exactly 12pm so we rallied from that 12pm low to a high of the day at around 14:30 then we closed to a lower high: 👍👍👍

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Expected trading pattern for SPX, Tuesday, April 30th

Tuesday pattern is expected to be the one with an early high at around 10 am followed by a decline to a low at around 10:30/11 am so a rally to 11.30/12.

From 11:30 we see a decline to a low at 13:30.

From 13:30 low we have 2 options:

1) rally into closing bell

2) continue the decline into closing bell.

Trade well ;o

Here follows some similar 5 min. chart pattern for SPX:

Expected trading pattern for SPX, Monday April 29th

Expected trading pattern for SPX, Monday April 29th

Monday's pattern is for the most of the times a trading day with an early high (around 10 am) followed by a decline to a low at around 12pm then a rally to a lower high at closing bell.

Trade well ;o

Here some examples. The last chart shows the less common variant of Monday's pattern.

#SPX chart pattern prediction for Friday, April 26th

Hello traders,

Here follows today's SPX 5 min. chart:

Pattern prediction was as follows:
Tomorrow's pattern is the one with an early low and a late high.
From the early opening low (does not mean we won't gap up first) we rally up to a high at around 12 / 12:30 pm. 
Then a short rally to a high at 1 / 1:30 pm followed by decline to 2:30 / 3 pm so a rally to higher closing price. 
Well... we got that, an early low and a late high (not considering the last 5 min. trading)

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SPX chart pattern prediction for Friday, April 26th 

Tomorrow pattern is expected to be the one with an early low  from where we rally to a wishy-washy midday high followed by a decline to a low around 2:30 / 3:00 pm then a rally into closing bell to a lower high. Occasionally the pattern could be the one from an early low to an all day rally ending at higher high.

#SPX - Expected trading pattern for Thursday, April 25th

Hello traders,

Yesterday's pattern prediction for today was quite spot on:
Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

And here is what we got: 👍👍👍👌

We did really good at the trader's chat room today 👍👍👍👌
Join us tomorrow for further profitable trading calls ;o
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Expected trading pattern for April 25th

Tomorrow's pattern is the one with an early low and a late high.
From the early opening low (does not mean we won't gap up first) we rally up to a high at around 12 / 12:30 pm. 
Then a short rally to a high at 1 / 1:30 pm followed by decline to 2:30 / 3 pm so a rally to higher closing price.

SPX - pattern for trading Wednesday, April 24th

Hello,
no comments or recap about the pattern for today, we have got the extreme opposite of what was expected and posted in this blog. We did better forecasting during today's trading on the traders chat-room.
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Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

Today, we closed the gap on daily chart from October 3th... we should see some strong resistance at this level and make a turnaround ;o
Trade well!
;o

Hidden Bearish Divergence on the #SPX, S&P500 index

Hidden Bearish Divergence

The S&P 500 has  in addition to all the recently mentioned sell signals a hidden bearish divergence on the 4 hour chart. This sell signal has high reliability status.

The 4 hour SPX chart below shows clearly a sell signal as the oscillator makes a new higher high while price makes a lower low.

TD trend-line shows also a projected price target down at 2888 SPX cash!

Happy trading ;o

SP500 cash - expected trading pattern for Tuesday, April 16th

End of trading summary for today, Monday, April 15th:

Pattern prediction for today SPX trading, was as follow:
"The chart patterns shown below are valid for Monday's SP500 cash session trading, all seems to show an early high and late high, usually a wishy-washy day.My expectation is something more similar to the last chart here below, the one showing an early high followed by a decline to around 1pm and rally to a high at closing bell.The reason for a bearish sentiment is due to sell signals I see on daily chart."

And here follows today's chart right after closing bell.
We can see here as predicted, an early high and a late high.
We had also a decline to a low at 12:10 followed to the expected rally into closing bell.
Amazing! ;o