Where We've Been: Monday's mood pattern says to be "on alert" for anything today. MMI was looking up (above open) after a down open. The market sure tried, but gave out near end of day. MM MACD turned from sell to neutral at today's open. Where We're Heading: Monday's mood pattern shows a government or legal focus for tomorrow (U.S. senate hearings?). MM Trend Trader continues to maintain at "buy" in both the main signal and higher probability signal, however bears are in charge for the near term until the SP 500 can regain 3901.
What if I told you that there are currently detectable October surprises in store for the American people and perhaps the world at large? With September still to be completed, this is as clear today as an “Unprecedented Global Crisis” was detectable for February and March of this year even as 2019 was yet finishing up and Covid-19 still unheard of.
In this long diagonal that has been going on just about foreverit seems, MMI has been severely handicapped not being able to calculate inversions or "flips" ahead of time in the usual manner. This often leads to only being able to clearly confirm or refute a potentialinversion in hind sight which is not just annoying, but is extremely unhelpful in plotting a course to where things are likely going.
With 20/20 hindsight, I can now confidently say that there was no clear flip in July, and there was especially no clear flip from up to down. With that as fact, I must rework my big picture outlook. Below is the monthly chart I had been working with.
Here is an End of the Year THANK YOU, Avi and EWT staff! I joined EWT this year in April, and was really despondent in how my retirement plans and trading account had been performing. I have been trading commodities and stocks for 30 years, and could never keep what I would make in the market. Never. Always gave it all back, and then some. The desire of my heart was to trade for a living, and finally, after 30 years, I can see this as a possibility! I switched to a self-directed 401K at work, and started trading a personal account with you all in April. My accounts are up 320% since April thanks to you! Until then, I was looking at possibly not being able to retire for a long time, but not now. I never knew when to get out of a position. I was always wrong. If I hung on it went down. If I closed out the position, it went up. I was ALWAYS wrong...so frustrated. I owe my success all to you, Avi, and EWT, and the EWT members. SO from the bottom of my heart...THANKS so much. I really appreciate you all!! I have tears of happiness because of you all. HAPPY NEW YEAR, and happy trading in 2021. I am really looking forward to it, for once!
""Wheat" - Trading Room" - 2020-12-30
What I love about EW is you know when things go wrong and you know when to get out of a position at minimal damage...it has helped so much in my RR work
""Kenneth_Aydt" - Trading Room" - 2019-10-03
My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
""AAMilne" - Trading Room" - 2021-03-02
Your team are the best traders & analysts. truly a world class trading site.
""MambaMentality" - Trading Room" - 2021-03-04
The relief of EWT philosophy on investing has been such a gift (besides being extremely profitable) that I have to say this is the most enjoyable service offered anywhere on the internet and probably the best investment I have ever made. Thanks Avi.
""Talapus" - Trading Room" - 2020-01-27
Avi et al, this site is amazing! I have been dabbling in trading for several years and recently discovered EWT. With your help (including the great support staff) and all the patrons, my success rate has improved tremendously. I am a conservative trader and rarely more than 60% invested but this year with EWT's help I have increased my trading account by 164% YTD. I am humbled and very grateful for all the members that freely share their insights with the goal of helping others. Thank you all.
""tom99577" - Trading Room" - 2020-12-17
“Lyn Alden [is] by far the top emerging macro analyst from 2020. Incredible addition to the EWT team.
""UKTR" - Twitter" - 2021-01-13
I'm having my best year ever! Up 70%. My thanks is 100% to this site. The analysts and members. My wife thinks I'm a genius because of you guys/gals. Best 3k I spend a year. She wants me to spend more on you!
""tightlines" - Trading Room" - 2020-12-17
I have been investing and trading for 25 years and you guys are 'the best' I have ever seen. Great methodologies and great people using them!
""saminvests" - Trading Room" - 2021-01-07
My 401K money has been protected during this, and I'm making money in little chunks in my trading accounts. And that is all thanks to Avi, HD, Garrett, Zac, and so many great members here. Sincerely, my account and my family say a huge THANK YOU to you all.