Some charts to justify why I'm bearish

Hello traders,

I prefer the bullish side of trading as it is much easier to time market bottoms than market tops. 

We have now reached a price level where I cannot just ignore what charts are foretelling. 

I think we are inn for a second leg down of this recent correction (wave C) and that this should start today or by Monday. This could be a quick correction that ends by this month of August.

Please comment below your view and ideas...

Trade well ;o

VIX ready for take off... - #VIX chart https://t.co/RyzB9BGUUa

— SP500daytrader (@CosTes_trading) August 7, 2020

TVIX ready for take off... - #TVIXF chart https://t.co/7XGrQZEtnb

— SP500daytrader (@CosTes_trading) August 7, 2020

 Lots of MEJT targets below, waiting to be filled... lowest at 2768.30 SPX:

NIFTY 50 projection printed already...

Nice 😎

...check out this projection I posted yesterday!

Sell Nifty - minimum target 10880 by SP500daytrader on TradingView.com

DJA weekly chart with target down more than 11%

DJA weekly chart with target down more than 11% by SP500daytrader on TradingView.com

Watch out below! It will come down to target very fast.

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:

Short #SPX @ 2892 - time is inn for a correction!

Short #SPX

In my last blog post from June 3th, I projected a turnaround and sharp rally from the lows:

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!

We rallied to a 2910.61 high after an incredible rally!
My next call is for a correction to start tomorrow Friday, June 14th that should take us down to a projected low @ 2710
The expected decline could be very sharp and faster than the rally from the June 3th low:

Trade well ;o

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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 Tuesday, April 23th

Let's first recap today's chart and compare to the predicted pattern:

Monday pattern is the one with an early high at around 10 am, selling until around 10:30 followed by a rally until around 11:30 / 12pm. 
During the afternoon could be mixed with lower prices but also rallies until 3pm, last hour trading is characterized by sell pressure.  

Green part of the prediction turned out to be right while in the last hour trading we have seen that bulls was in charge.
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Expected trading pattern for Tuesday, April 23th

Tomorrow pattern is expected to be the one with an early high and a late low.
Tend to be often (not always) a weak day and tomorrow can be a sell off day. I expect a sell-off to a low at 2pm, rally to a high at around 3pm and new decline to a low into closing bell.

Some actual examples:

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