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Friday, October 1, 2021

SPX, TLT, TRAN Updates

On September 27, I suggested the possibility of a 3-3-5 flat that would retest the 4305 zone before bouncing back up.  Yesterday culminated with a perfect test of the low.  We'll discuss that further in a moment, but first, let's take a quick look at this unique, high-tech interactive chart that visually depicts the market's price action from the past couple weeks:



All kidding aside, it's interesting to note that ES (e-mini S&P futures) made a new low in the overnight session, which suggests that even if bulls do get a bounce here, we're probably all-but destined to head back to this low (as the 3-3-5 count suggested all along):



Near term chart:


Bonus TRAN update:


And TLT update:


In conclusion, everything continues to break the right way for bears.  While we still can't entirely rule bulls out, this is about "as good as it gets" for bears at this stage, and the question seems to continue to be "down now or down later."  Trade safe.

10 comments:

  1. can you advise on my request for access to the forum? i have sent multiple emails and also donations yet no communication back. Its becoming painstaking given the number of requests I have made

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    1. Hi, sorry, most of the time my spam filter sends unknown emails straight to my junk box and I never even see them (I have no control over what it sends there). Sometimes it's just my fault as I fall behind on registrations. Could you please tell me what username you are registered as?

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    2. Hi, if possible, would you please help me too. My username is 'navkcin6'. Thank you so much!

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    3. info@123tutors.co.uk
      I registered I think 10 days ago or something like that
      Thanks

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  2. Hello, same thing with me. I have made a donation at spring and send emails but nothing. It would be simplier if you just put price tag for entering the forum.

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  3. As I said above:

    Hi, sorry, most of the time my spam filter sends unknown emails straight to my junk box and I never even see them (I have no control over what it sends there). Sometimes it's just my fault as I fall behind on registrations. Could you please tell me what username you are registered as?

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    Replies
    1. Hello, thanks for reply. Username is Stallion.

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  4. Same here....username is nalledge or uncnalledge

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  5. Just wondering if this has been actioned yet? If its not possible, please can you let us know so it will save me messaging

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  6. My account still waiting for activation….

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