It looks like we are closing above the resistance today at about 16,600. Since I'm not playing with house money anymore, I don't see a real turning point until the 14th, and then the 16th. Is this before/after the fed meeting? I might want to look that up :P
"The Dow has made a thrust up to the mid 19000 level. We can see technically, the market has closing resistance at 19576 level with the next level up at the 19731 area. We have a Daily Bearish Reversal at 19135 temporarily from today's high."
Onto the weekly:
"Looks like volatility may rise next week. We could pause, retest support then turn back up into January. There is a risk that we then have a correction."
*The dates given are for the Mondays of the week. The turning points could be any day that week.
This looks like the kind of bet I want to make with my hard-earned money. He's saying we'll be flat to lower until the bar on the week of 12-19, and then rally to 1-02, and then a "correction" which I believe he's implying is substantial. That would be from the 1/02 turning point high
You should not delete comments about the failures of greg mannarino. It makes you look like a blind believer... oh wait a second.
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