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CoiledSpringCapital

@coiledspringcap

9 Nov

#stockmarket WE update. My call last WE to buy in the 2H of the wk missed by 2 days. +7% wk & futures up again seems to be getting overheated. Clearly we have a break up of this DTL on #SPX futures, & now on Day 5 of 9 Demark sell set up. Trendfactor up lvls: 1x=3583, 1.5x=3673..

#stockmarket #SPX $SPY also will post Day 5 of 9 sell set up, which would come on Friday if the count is satisfied. Demark Trrendfactor up lvls to be mindful of: 1x up = 354.90, 1.5x=358.47

#stockmarket I posted this chart of the Smart Money Index last wk, as a reason to be concerned as it signaled the Oct peak. Still hovering near the lows but cluster of Demark 13 buys w/ 9 buy set up as well. Hopefully this turns up soon....

Read 14 tweets

CoiledSpringCapital

@coiledspringcap

2 Nov

#stockmarket WE Update. Wild week as expected & I expect more fireworks, but are we close to a bottom? #SPX futures bouncing around the 1.5x Demark trendfactor lvl of 3249 (was 3250 when I started this work). day 6 of Demark buy set up....

#stockmarket $SPY also bouncing around the 1.5x TF level of 324 & closed above. I said on Friday that I thought we were at a level where the mkt might bounce & it did. Day 5 of Demark buy set up. We are also into the green zone where there is price memory.....

#stockmarket $QQQ also on count 5 of Demark buy set up & bounced near the 2x TF level around $265. QQQ also approaching the red box where price memory exists....

Read 17 tweets

CoiledSpringCapital

@coiledspringcap

26 Oct

#stockmarket WE update. As I've been discussing for wks, the mkt would remain choppy into the election & it has. resolution feels closer but not there yet. Friday was constructive but still some issues ST. $SPY now bumping up against the Asc Triangle & back above key MA's...

#stockmarket #Nasdaq is similar & held an important level. threatening to break the Asc Triangle formation and also above key MA's...

#stockmarket fly in the ointment for tech and the #NASDAQ is that a weekly Demark 13 did print last week to go with the $NDQ 13 sell last wk. not much on the daily. keep in mind these signals can be good for 12 weeks so doesn't mean we will turn down immediately but we can.....

Read 15 tweets

CoiledSpringCapital

@coiledspringcap

18 Oct

#StockMarket WE update: recent Demark 13 sell I posted this wk marked the swing high & choppiness ensued. Fri was ugly but could be opex related so for now just expecting more of the same unless stimulus resolution breaks us out or down. set up seems bullish but needs to confirm

#stockmarket Demark Trendfactor lvls continue to be a good guide. 13 sell peaked @ 1x up lvl, & found support on 1/2 lvl down. see white boxes for up lvls & blue for down lvls in chart above. daily #SPX chart below also showing a close right @ 5 day EMA on Fri....

#stockmarket #SPX $SPY weekly chart ended w/ a doji candle which shows indecision, & intuitively makes sense given the impasse over stimulus. To me this chart is intermediate term bullish - Large C&H w/ resistance at the B/O point. could it break down from here? sure...

Read 20 tweets

CoiledSpringCapital

@coiledspringcap

11 Oct

#stockmarket WE update. Sometimes when everything seems to be working, breaking out, acting as it should or we hope, IMO, means things are getting too easy. My gut says we are there & time to retrench a bit. Last wk pump job screwed the bears but could mean now we fall harder....

#Stockmarket hard to know how this shakes out but as you can see in this thread, my indicators are flashing yellow. $INDU currently w/ first Demark Seq 13 sell last wk since the low & new aggressive seq 13 w/ so sto overbot. also hitting wkly resistance. but Prop up tgt =29526...

#stockmarket #SPX also w/ a Demark Seq 13 sell looming if trade +3509. Slot sto also overbot. upside & downside Trend factor lvls in white boxes. 3rd D-wave tgt @ 2975. currently hitting 1.5x upside level....

Read 15 tweets

CoiledSpringCapital

@coiledspringcap

9 Oct

hmmmmm

volume 👌

boom! HOD

Read 4 tweets

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