Rigged Markets & the Financial Collapse News - Update 9/21/2017

Wow, what a great trading day we saw on Wed., and once again we declare victory over the rigged market! Not that we saw any really big moves, but the charts were firing on all cylinders, and I was able to call several market reversals in real time. We even managed to get on the right side of the gold miner trade, switching from bullish, to bearish, after updating the chart in the AM. It was a grand slam!

To Review: 

1. Right off the bat, we identified resistance on the $SPX, at the (higher) open. Good example of why higher highs aren't necessarily bullish. In fact all market tops are found at new highs, and if you find yourself getting squeezed out of your short bets on every new high, you have no conviction... and at some point you're going to end up buying the top instead of selling into it.

$SPX lol pic.twitter.com/OLk2AmWFEA

— Anthony Allyn (@3Xtraders) September 20, 2017

2. Called the reversal on the $VIX. Of course this coincided with the bottom on the $SPX.

$VIX hammered down at my target. Damn I'm good, #HedgeFunds pic.twitter.com/IrbT5XBJCl

— Anthony Allyn (@3Xtraders) September 20, 2017

3. Called the sell-off in gold miners
Before:

I'm going with the broadening declining channel, rather than a parallel channel, on the $GDX. Beware of an extended wave v in wave 3... pic.twitter.com/ndZZRgty6j

— Anthony Allyn (@3Xtraders) September 20, 2017

After:

Wave 4 rebound next pic.twitter.com/sLpftn0BIz

— Anthony Allyn (@3Xtraders) September 20, 2017

4. Correctly identified the stop-hunt on the $SOX index. Broke down right where I predicted...

$SOX breaks as predicted just this morning. $SOXS pic.twitter.com/R0yb4wEK92

— Anthony Allyn (@3Xtraders) September 20, 2017

5. Found support on the Apple chart

That's definitely support on Apple $AAPL. Looks like Tech is going to continue... for the time being. pic.twitter.com/veuXMdL5gp

— Anthony Allyn (@3Xtraders) September 20, 2017

6. Found support on the SPX, and updated the next target, before it closed in the green.

Next target $SPX 2530. Set a stop at today's low. pic.twitter.com/DQW2hmzC24

— Anthony Allyn (@3Xtraders) September 20, 2017

7. Confirmed the bullish trend on the $RUT, to confirm the risk on trade. 

You didn't think the powers that be would allow the market to sell off on a holiday (Rosh Hashanah), did you? Rigged

 “And that’s all I’ve got to say about that”!

AA

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