Share this page!

Maybe Scrolly?
Marsilio's Market Musings Profile picture
Twitter logo
12 Sep, 8 tweets, 3 min read
Index TA

Now some of these lines will make more sense to those who read TA threads

DJI exceeded QR1 AugR1 combo for 2 trading days, since then levels as resistance; slight poke above QR1 9/2 (small red arrow)
Broke SepP 9/7 (orange)
Broke D50MA 9/9
Back under YR1 9/10 (red)
This is significant technical deterioration in short amount of time

Medium term levels acting as resistance
Pivot status change
Break of D50 & yearly level

So, comeback or smash? With astro, thinking smash
SPX

HR1 QR2 resistance
Sept pivot break

Still far above D50MA though
NDX

QR2 resistance, but still above SepP

RSI pro selling with every timeframe 70+ on that top
RUT

Under QP (bigger orange)
Testing SepP

Another lower high, how much longer before big breakdown of range?

D200 area tested 2x so next time could smash
Oh PS!

SPX high on DeMark YR1!

Last week: "Testing DeMark YR1 - jeez I'd like for some real institutional pros to take a whack at this"

VIX

Support at DeMark YS1 (orange line with arrow)
Lifted above SepP (small arrow)
and QP (larger arrow

Plus D200MA!

All we need is VXX SVXY a bit more for full volatility confirm
Stage is all set for Sept smash
All indexes resistance highs
Some pivot status changes
VIX confirming

"September"

Astro Mars very weak and negative aspects ahead, with Mercury slowing in Air sign (historical negative)

unroll @threadreaderapp

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Marsilio's Market Musings

Marsilio's Market Musings Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MarsiliosMM

Marsilio's Market Musings Profile picture
15 Sep
#MarsiliosTA

Bollinger bands

Interesting concept - 20MA, then 2 standard deviations away from it create the bands - you can also edit the MA

It does work - like all market indicators, nuance required for best results

If really interested read the book by the creator
Here's BTC with just the daily BBs

So how does this work?

Sometimes taking reversal trade on band is awesome, sometimes slaughtered

Context is key
Slope matters a lot
Divergence is what the pros look for

To explain... Image
Power move, up or down, is high & close outside the band with the band sloping strongly in direction of the trend - this usually (not always) means continuation

You have to review charts to get this concept but now I will mark arrows with this power move outside band
Read 9 tweets
Marsilio's Market Musings Profile picture
12 Sep
Also should I continue TA threads?

See hashtag #MarsiliosTA for intro to

pivots
simple MAs
tweaked MACD

combined these give us great idea of "trend" and is my core positioning guidance

if continuing, then:
Bollinger bands & how I use them - divergence & spotting reversals, 1st stage in change of trend

Along with the momentum indicators RSI (better) and stoch (more like early warning, I don't use this much)

Already sketched entry idea, but really I have 3 setups, & 2 variations
Then we have risk management, when to hold, when to cut, stops

Exits - actually back to MACD histogram for this, along with all else
Read 4 tweets
Marsilio's Market Musings Profile picture
12 Sep
Total Sum

Stocks have gone further & smoother than I ever imagined at start of 2021, unprecedented rally with SPX above smoothly rising D50MA since election except, count them, 2 days!

Obv aided by US tech, GOOGL +60%, MSFT +32%, banks also up decently, energy, pretty broad
And whether market tops on the "worst astro" (maybe just in?) or has even more massive blow-off next year with Jup in Pisces remains to be seen

Near term however, everything lining up for Sept smash

All major index TA
VIX, with VXX SVXY nearly there
Astro many ways weak ahead!
Preferred scenario is risk assets down to end Sept & then another low 10/8-10/10

For stocks probably not easy as aggressive dip buyers have made a lot of $, and indexes come back over and over

This is a sharp counter-trend call but that's how I see it
Read 6 tweets
Marsilio's Market Musings Profile picture
12 Sep
Astro (long thread)

Pluto Rx in Capricorn-Saturn from 6/29
Saturn ruling sign & term, should be quite nasty, these 4' among worst in zodiac. Though some bond rally & covid again, muted impact for markets.

FOMC has twisted everything:

Bad news = QE pumping = good for markets
Could worst astro produce big top? Maybe, but depends on taper schedule; more likely is slow taper & gradual hike so perhaps big blow-off top next year 2022

Neptune in Pisces-Mars from 1/23, Rx from 6/25
Expected volatility & larger moves both ways; this term in play a while
Uranus in Taurus-Jupiter from 7/7, Rx from 8/19
Think this is helping tech & cryptos with Jupiter in Aqu

*

Saturn Rx in Aqu-Ven 6/18
Saturn worse out of term Jupiter, & helping safe havens lift when triggered; but not hitting that hard in big picture

Might take direct?
Read 15 tweets
Marsilio's Market Musings Profile picture
12 Sep
Full market analysis ahead:

Review
Astro
TA (just a bit)
Sum with next forecast

Check threadreader post after each section

Read what sections interest you

This process has resulted in many accurate takes on major asset classes - focus on indexes, cryptos & safe haven trades
Many - but not all - accurate statements from last week:

From spread,
Indexes: "Prefer 9/6-8 trading top, then lower into following weeks"
Good for indexes so far, main futures made highs 9/2-7 and tests 9/6, leader NQ 9/7 high, then all lower
This gets check!
Cryptos: "Same, but less damage expected, could stretch to 9/10 top"
Ugh, 9/6 key high, but more damage

Hottest coins SOL ALGO LUNA highs closer to 9/10, and ATOM pushing higher today

I don't have different astro on every coin, only general conditions, TA for the rest
Read 11 tweets
Marsilio's Market Musings Profile picture
12 Sep
Before Sunday routine, crypto TA

It is true that many alts are rocketing higher - combo of Saturn in Aqu, Jupiter Rx in Aqu, NN in Gemini and Mercury in Libra all + for cryptos

But why BTC weak, & others new highs, & which ones, don't know, why combine timing with technicals
BTC

Issue is both important support & resistance nearby, so having battle effect - and concern this could continue for a while with Mercury stationing in Libra
Support:
Lower daily Bollinger (green)
Sharply rising 50MA (purple)
Sept pivot (orange) which has held for 2 days & tested for several, only 1 fractional break

Resistance:
Falling D200MA (black arrow)
YR2 acting as resistance (could turn into support)
Falling 10 & 20 MAs (red)
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @MarsiliosMM has new unrolls!

Check out other threads from @MarsiliosMM!

Read all threads by @MarsiliosMM

:(