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Friday, September 2, 2022

Market Update 9/2/22 - Taking a Closer Look At Yesterday's Bullish Reversal

Taking a Closer Look At Yesterday's Bullish Reversal 

 If you've been following along over the past couple weeks, you know I've been anticipating a pullback to a higher recent low, and over the past few days, I've even told you how to find it. 

If you've been following me on Twitter, then you even got a rare $VIX target/level to watch, and this was actually the key to finding yesterday's bullish reversal.   

As I watched the $VIX tumble off that level, I even put out an alert, in real time. 

The Bottom? 

So, I called a bottom, but is this the bottom, a sustainable, and tradeable bottom? Could be, but I wouldn't be surprised to see a retest, and I really like to see more enthusiasm... in the form of a better looking bullish hammer, or even more of a stand off, in the form of a doji reversal candle.

The Jobs Report 

This mornings jobs report might be a good catalyst for a retest, followed by a short squeeze, ahead of the long holiday weekend.  

Folks who don't support the cause, don't deserve accurate $SPX targets, but just continue to watch the levels I threw out there - for the DOW - yesterday. 


This looks like a bottom in Oil and Energy, and I took profits in the rigged energy trade yesterday. I say "rigged...", because the leveraged ETF's are obviously being used to manipulate these markets, just as surely as they use these funds to manipulate $SOX, and everything else. It makes my job, a lot more difficult than it should be, but whatever works... 

 If you need accurate targets on tech, or energy, or even precious metals, I have everything you need. Make me an offer, and we'll talk, and while we're on the subject, I'm removing the gold page/ tab. 

No more free targets on Gold, or Silver. These are just too valuable to be giving away, for nothing. 

Take Care, AA 

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