Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Ord Oracle September 6, 2022

by September 7, 2022
September 7, 2022
The Ord Oracle September 6, 2022

SPX Monitoring Purposes: Long 8/29/22 4030.61; sold 3990.03 on 9/2/22= loss 1%.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Long Term SPX Monitor Purposes: Neutral.

Last Thursday, we said, “Last Friday’s panic TICK and TRIN readings failed to produce a bottom by Tuesday. New panic readings in the TICK and TRIN are needed to produce a bottom.” Today, the TRIN closed at 1.04, which is considered not at panic levels. The TICK closed at -533, which is at levels that are considered panic. To set up a bullish signal, both the TICK and TRIN need to record panic readings. Next week is option expiration week, which has a bullish bias, and this week, it is common to set up the buy signal for option expiration week bullish bias. So far, a bullish signal is incomplete, but it may trigger later this week.

The blue numbers represent the closing of the TRIN (first #) and TICK (second #). We recorded the blue numbers on the chart above because they reached panic levels, and panic happens near lows in the market. The higher degree of panic reading of the TICK and TRIN, the larger degree of a bottom. As you can see, there was a large degree of panic from the 365 to 380 SPY range, which suggests a strong area of support. Once panic is recorded in an area, panic again should form in that area it tested in the future. Over the last couple of days, panic in the TICK and TRIN have not be recorded, suggesting there is no low forming here. There is a possibility panic may form later in the week at this area, which, in turn, suggests support, or the market could fall lower to 380 SPY support, where panic has formed in the past. May see a setup later this week for rally during option expiration week. The week after option expiration is one of the weakest weeks of the year, according to seasonality.

Tim Ord,

Editor

www.ord-oracle.com. New Book release “The Secret Science of Price and Volume” by Timothy Ord, buy at www.Amazon.com.

Signals are provided as general information only and are not investment recommendations. You are responsible for your own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, there is no guarantee results will be profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned above.

0
FacebookTwitterGoogle +Pinterest
previous post
How Important Is Business Insurance When You’re Just Starting Out?
next post
This Chart Provides Tradable Bottom Signals And It’s Flashing a MAJOR Buy Right Now

You may also like

Is the S&P 500 Forming a Bear Flag...

May 7, 2024

Be ALERT for Warning Signs – S&P 500...

November 20, 2024

GNG TV: Remaining Objective About Trading Rules is...

January 4, 2024

Performance Profile Paints Different Pictures for Commodity and...

March 28, 2025

Crypto Names Continue to Soar

July 7, 2023

DP Trading Room: Long-Term View of the Dollar

April 24, 2023

Limited Upside Until This Chart Changes

November 19, 2022

Timeless Lessons from the Godfather of Technical Analysis

September 14, 2023

Watch For These Seasonality Patterns in 2025

February 4, 2025

Technicians Are Betting On Red

August 26, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved