Monday market wrap up as I will likely be drinking a few IPAs to salute the Red Sox at the live Duck Boats Parade on Wednesday Oct 31 Halloween Eve day along the tried and true Fenway Park to Boylston Ave Marathon Finish line to City Hall Plaza Boston Sports Trail of Champions (Patriots, Bruins and Celtics NEXT!).
ESZ S&P Futures tagging previous Spring time support levels at 2636
GE Tagged a new all-time low at 11.08 Today though still above the RMS (Root Mean Square) midline of the Regression Trend Channel from the July 2016 previous Swing High of $33.00. Oddly enough the POC is at 30.37 and the emerging POC at 12.96 - GE is an epic Turn-Around play with earnings expected to rebound under the new CEO as discussed above - still tracking the bottom before buying midterm GE Call Options and not much lower to fall for PUTs.
FXI the CFRC Power Dow proxy also tagged a new 2018 Swing Low of 38.05 looking to complete a 5 Wave down pattern before an impulse ABC upwards against (currently down) trend powered by a post Mid Terms China CFRCs (Communist Freaking Red Chinese) Trade Deal if they do not continue to piss off the CiC as discussed above...
ESZ S&P Futures tagging previous Spring time support levels at 2636
GE Tagged a new all-time low at 11.08 Today though still above the RMS (Root Mean Square) midline of the Regression Trend Channel from the July 2016 previous Swing High of $33.00. Oddly enough the POC is at 30.37 and the emerging POC at 12.96 - GE is an epic Turn-Around play with earnings expected to rebound under the new CEO as discussed above - still tracking the bottom before buying midterm GE Call Options and not much lower to fall for PUTs.
FXI the CFRC Power Dow proxy also tagged a new 2018 Swing Low of 38.05 looking to complete a 5 Wave down pattern before an impulse ABC upwards against (currently down) trend powered by a post Mid Terms China CFRCs (Communist Freaking Red Chinese) Trade Deal if they do not continue to piss off the CiC as discussed above...