Stock Cat Piper Predicts The Market
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The Matt Kohrs Show
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
So we're seeing a lot of credit tightening going around. Oh, don't do it and we're back just like that. But for tomorrow Wednesday it does favor the Bears. It was kind of neutral bearish kind of pop back and then bearish again.
So that's for Wednesday August The 9th bulls have won roughly 50 50 Profit factor: a little less than one. So even though I'm going against seasonality, Piper and I are in agreement When you get this kind of a setup, when you're selling down, Down down, you have a fresh low. You try to break that fresh low bounces off of it. Well, okay, obviously a failed breakdown and inherently a failed breakdown.
It inherently has to be bullish. So tomorrow I'm looking for the test of 451. Obviously, if that's wrong and we end up failing below 446. I'm then watching 445 followed by 443.
So those are my personal levels of Interest Tomorrow for the S P 500 you can look at the similar levels on SPX es all that good jazz, but that's what I'm personally going to be paying attention to.