Hubert Senters here.
Let’s take a look at the S&P. We’ve got some decent buy signals about to develop but they’re not official. So I’m just going to bring your attention to them. Here’s what we’re looking for. When you look at topping signals this is what I look for. I’m looking for a topping candle with a purple dot by closing below the turning line and or the standard line. And I’m looking for also down here at the bottom. I want this yellow line to be above $20. It tells me it’s trending.
And then I want the bulls to be in control versus the bears being controlled versus the bears if it’s going to be a sell off. So in this situation the red on top of the green happened. All the sell signals happened in two days like there’s a sell signal. There’s a sell signal.
And then there’s the confirmation, confirmation, confirmation. So that tells us we’re probably going to go lower. Now about to get a buy signal. It’s not official yet. I’m just showing you what’s possible. So if this close above the cloud and close above the turning line you can get this purple dot turn it into a blue dot and below here.
And we could potentially bounce. Unfortunately the bears are still in control so we may not get a huge bounce and a buy signal. We may as get a small minor bounce and then roll back over and sell off so just be aware of that.
I’m going to be doing a special webinar this Wednesday at 8PM EST on ”The Mother of All Bubbles” because this is what it could potentially develop in. And I’ll show you three different ways that I try to figure out when things are topping. And most indicators are FREE. Come checkout the webinar. I’ll be there Wednesday, September 30th at 8PM EST.
Good luck. Hope it helps. See you on the next video.
Hubert.
