Let me take you back to the temporary high of this trend, back on Tuesday, November 3rd at 11:15 am.
This is that point where the market quiets down. But the funny thing is, my stocks are exploding. We no longer require “the market” to facilitate profits in stocks. The speed is gone, and correlations have been boot stomped to multi-year lows.
In other words, from that point on we talked about how a range would form in stocks from here. As if my headlines and comments from August til now haven’t been spot on, the comments I am getting suggest there are still a few that think I don’t have total control on where the market goes from here. As I mentioned on that very same day, you can have the market analysis back, as I no longer require it.
Alas, I’m going to freehand it for you.
I posted a seasonality chart that suggests the market pauses during this time of the year. If you are playing for market direction, here’s what the next 7-8 trading days ought to look like.
We’ll see a move back to the middle starting tomorrow that ought to pause near 2090 in the $SPX. From there, one quick test of today’s buyer, then back to 2090. Next week we’ll explore the upper end of this range, hitting an 2100 early in the week, then backing off to 2090. You’ll likely see one last hesitation there, then we leave this range, just in time to reach ATH’s before December 11th as I predicted in early October.
I got some great set-ups forth coming. The After Hours with Option Addict crowd is red hot right now.
But really though, there are some huge rotations coming down the pipepline. You will be in front of all of them, if you act now and secure a seat for the NYC Investor Conference Online (NICO). All parts of the presentation will be yours…live interaction, video recordings, PDF of the slides as well.