cobran20

Martin Armstrong's Economic Writings

3978 posts in this topic

good question, will dig for some Reversals which will confirm direction.

EDIT: " In the Cash S&P500, a weekly closing back below the 282500 level will warn of a correction perhaps into October.  "

" In the NASDAQ, a month-end close today below 744300 would signal a collapse is likely into November. We need a closing today ABOVE 763730 to imply the market can possibly hold. A failure to close above that number will also imply that we can crash into November. "  with "TODAY" marty means monthly close of august for nasdaq

 

Gold elected the monthly major bearish, but its the benchmarks again (like in december2015) so maby there will be no follow trough, but nonetheless the major bearish monthly reversal got elected a day ago! Very bad.

Marty says:"  We can see that gold continues to consolidate. The Monthly Bearish is down at 1194 "  socrates says, january is (again) a big turnpoint

The Monthly Bullish Reversal  stands up at 1271 and 1362.50

 

 

The german DAX has a good turnpoint in October

The EUR / USD has a good turnpoint in January2019

Edited by Swaize

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6 hours ago, Swaize said:

good question, will dig for some Reversals which will confirm direction.

EDIT: " In the Cash S&P500, a weekly closing back below the 282500 level will warn of a correction perhaps into October.  "

" In the NASDAQ, a month-end close today below 744300 would signal a collapse is likely into November. We need a closing today ABOVE 763730 to imply the market can possibly hold. A failure to close above that number will also imply that we can crash into November. "  with "TODAY" marty means monthly close of august for nasdaq

 

Gold elected the monthly major bearish, but its the benchmarks again (like in december2015) so maby there will be no follow trough, but nonetheless the major bearish monthly reversal got elected a day ago! Very bad.

Marty says:"  We can see that gold continues to consolidate. The Monthly Bearish is down at 1194 "  socrates says, january is (again) a big turnpoint

The Monthly Bullish Reversal  stands up at 1271 and 1362.50

 

 

The german DAX has a good turnpoint in October

The EUR / USD has a good turnpoint in January2019

I'd read that as the US markets turning down into October/November.

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