S&P high ?

[Steve Griffiths]

Hi Everybody,

Could the S&P, be nearing a minor Wave C high ? Please see attached

It all depends on how the market reacts today at the Typical Wave C WPT. A reversal day today could be initial signs of weakness, OR a sting say today will signal signs of a continue rally

So today is going to be an interesting day ......

Steve

[tonis]

Am I the only one to miss Steve's daily reports?

Yes, I know this is an old topic, but sometimes nostalgia gets the better of me...

[scooper]

For what its worth.....

I calculate some swing time cyctes manually and I have one for tommorow (Friday 29th and strangely one for the following Friday as well 7th March). Normally if these cycles have any bearing they can be +- 1 day either side.

That said, we may get a red reversal bar today and prove the cycle to be out a bit if it kicks in at all.

Also, the daily report is very sorely missed. Getting SGs view is always good for me:D

[Biggo]

Am I the only one to miss Steve's daily reports?

Yes, I know this is an old topic, but sometimes nostalgia gets the better of me...


Hi Tonis

I think it would be fair to say that most MTP users found great value in Steve,s old Daily Reports.
All we can do is hope that if Steve is able to find time to restart the reports sometime in the future :) :)

[sr100m]

Hi Steve

Is there an archive of the old daily reports anywhere - i've read a few of the old ones and found them great for learning.

Paul

[ClaphamTrader]

I also miss the reports. I used read them at the start of every day.
Not something you can do with a webinar recording:(

[Raj Kumar]

Thanks Steve....
Reached and filled on Minimum Wave C Profit Target of 2.7R. No Sweat Trade...

[Steve Griffiths]

Hi Everybody,

Could the S&P, be nearing a minor Wave C high ? Please see attached

It all depends on how the market reacts today at the Typical Wave C WPT. A reversal day today could be initial signs of weakness, OR a sting say today will signal signs of a continue rally

So today is going to be an interesting day ......

Steve

There you go, I managed to get you all "prepared in advance", 1 day before this high unfolded.....

I hope this helps show the power of MTP and silences all the people who have been saying that we only show "hindsight" examples.

As you can see, the S&P reversed right at the level of the Typical Wave C WPT with a red (sell) reversal bar. In fact this was the very day of the high ! The S&P has declined sharply form there..........

So there was no excuse for any MTP user not to have been "prepared in advance" for this high, and now sitting on some nice profits :)

Steve

[Steve Griffiths]

Hi Guys,

Yesterday we made a narrow range day that unfolded at the Wave 1orA WPT from the last minor Wave C leg - this is right from Part 2 of the Trading Course !

As such, this has been an absolutely perfect of some simple Analysis using MTP that nailed Last Wednesdays high to the day !

Steve