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Trading Coach

Covid-19 ABC DOWN STRUCTURE

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Folks, the market is DOOMED...

The leadership issues on the way up from 2009 

DJT and RUT are now leading us down...

BOTH of them BROKE THE B POINT OF THE COVID 19 ABC DOWN STRUCTURE...

THE REST OF THE MARKET  WILL FOLLOW THIS DOWN...

We're going on LOCK DOWN and avoiding all unnecessary social contact in my home...

Multiply this times millions of Families.

We have a big big problem.

With problems, there are trading opportunities, but JOB #1 is PROTECT YOUR CAPITAL...

We are all cash and day trading only.

 

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Bookmark this thread, we will update frequently....

Here's a teaser... we don't expect this to go straight down to this target... in fact it could be very volatile as alternating hope and greed panics cycle through markets...

But here it is... This is the COVID-19 ABC DOWN TARGET FOR ES/SPX 

And make no mistakes... these important stress point numbers frame the support and resistance for markets... but here it is from November 2018...

This is what we refer to as a CONFLUENCE PIVOT - meaning that it approximates the value of the Covid-19 ABC DOWN Target for the SPX.

We look for price and volume "events" that can help us in identifying and VERIFYING our targets... this chart is VERIFICATION.

 

ESZ110418h10day.JPG

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VERIFICATION...

SWING LOW BROKEN ON BLOWOUT VOLUME - THIS IS CONFIRMING THIS ABC DOWN STRUCTURE...

 

2855 SPX.png

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Here's some more evidence... BROKEN ON VOLUME... B point in the $DJT... DOWN WE GO !!  and not just the trannies, but they ARE LEADING US DOWN...

 

 

DJT BREAKDOWN ON VOLUME 030720.png

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We give our subscribers INTRADAY UPDATES... where to expect RESISTANCE and SUPPORT in these fast moving markets... we're doing that in real time this morning...

 

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24 minutes ago, Trading Coach said:

We give our subscribers INTRADAY UPDATES... where to expect RESISTANCE and SUPPORT in these fast moving markets... we're doing that in real time this morning...

 

So just for an example, but there are so many more insights we provide... but this is CURRENT GUIDANCE - From our daily forecast update thread.

Quote

 

So the trading range is ESTABLISHED HERE...

From one breaker to the next...

SPX - 2752 - 2819

Nasdaq 7946 - 8165

 

 

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Another example... 8243.31 current high...

 

8243 call thread.png

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Well, we got a lower low this morning... and a bullish spring bounce on anticipated lighter volume...

It's in a sideways pattern here on the hourly. One of these <

We need more data, don't we.

 

 

 

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Futures are down hard again this morning...

Subscribers got the heads up in yesterday's forecast released at 5PM ET Tuesday Afternoon:

Quote

LATE EDIT: WE HAVE AN "EXTREME CLOSING PLUS TICK" signal to expect a MODERATE TO STRONG PULLBACK, and in this market that could be a substantial number... this could happen in the futures overnight or our preference would be to see a gap up on the RELATIVE STRENGTH we saw at the close and a run to higher highs, before a pullback to set up odds to short it... So there you go... watch out for a sudden sharp pullback.

 

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From Today's RUT Forecast:  it is trading at 1296 currently...

Quote

RUT LOWER LOW of 1288.93 ON LIGHTER VOLUME AND BOUNCE to close at 1350.90... so we gave you an ABC DOWN TARGET OF 1289... and we hit it PERFECTLY today and we got a nice bounce off the completion... we'll see if there's any legs to the bounce... RUT clearly leading the market down here along with the DJT... so the success of the bounce could be critical... RUT closed at 1350

 

 

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So far now.. .VOLUME NOT AS STRONG as yesterday...

We'll see if that sets up a bounce off support...

but support testing can see a fall to y 'day low of 7930 Nasdaq

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1285s RUT

NO BOUNCE

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From Today's RUT Forecast...

RUT has reached the target of it's Covid-19 ABC DOWN STRUCTURE... TRADING UNDER

LEADING MARKETS DOWN...

Quote

RUT LOWER LOW of 1288.93 ON LIGHTER VOLUME AND BOUNCE to close at 1350.90... so we gave you an ABC DOWN TARGET OF 1289... and we hit it PERFECTLY today and we got a nice bounce off the completion... we'll see if there's any legs to the bounce... RUT clearly leading the market down here along with the DJT... so the success of the bounce could be critical... RUT closed at 1350

 

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On 3/7/2020 at 9:34 AM, Trading Coach said:

Bookmark this thread, we will update frequently....

Here's a teaser... we don't expect this to go straight down to this target... in fact it could be very volatile as alternating hope and greed panics cycle through markets...

But here it is... This is the COVID-19 ABC DOWN TARGET FOR ES/SPX 

And make no mistakes... these important stress point numbers frame the support and resistance for markets... but here it is from November 2018...

This is what we refer to as a CONFLUENCE PIVOT - meaning that it approximates the value of the Covid-19 ABC DOWN Target for the SPX.

We look for price and volume "events" that can help us in identifying and VERIFYING our targets... this chart is VERIFICATION.

 

ESZ110418h10day.JPG

 

ES - LOCK LIMIT DOWN THIS MORNING AT 2601

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Well folks, it's still a long way to the bottom... perhaps even 666 on the SPX...

We have all of our forecasts in our library... with the local support and resistance...

We just simply  look at the price, cross-reference with the historical chart.

Dial into the date, and we're ready.

We have all the forecasts and data going back to when this bull market started in 2009.

 

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This is how we can calculate our ABC Targets, and then try to verify them with Volume Pivots... such as the one we posted... LAST SATURDAY on ES...

Today is Thursday, we hit the target...2600...

ES Opened at 2916 on Sunday night, it's down more than 300 on a HALT at 2601.00

A hell of a call, but one that was made with CONFIDENCE.

But I digress, because SPX is not all we cover here... we cover gold, oil, NASDAQ, SOXX, RUT, XAU, DJT, GS and AAPL.

We have all our support and resistance data for more than the last 10 years... we're ready for this.

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So here's another snippet from today's subscriber update thread:

We dialed into a year ago on the SPX for insights into the trading range:

SPX at 254X

Quote

look for some "congestion" turbulence in the 2550s, but that this could extend right up into the 2570s in the short term.  

So we'll see how it plays out...

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OK so one more little sample...

XAU traded today as low as 77.13...

The XAU was at about 103 when I wrote THIS back on 3/5/20:

Quote

 

From 3/5/20 XAU Forecast:

we can give you possible targets of a 23 point move from either side of it.. so we'll see which way it moves either a massive breakout to 125 or a sharp pullback down to 79..

 

 

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Well our Covid-19 ABC DOWN TARGETS were tested and broken on Thursday

Repair work today, closing up... and back above the original targets.

We'll see how far the bounce progresses.

1.5T from the F'eds with 1/2 point cut could theoretically fuel a large bounce.

 

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We'll be doing a new thread soon...

Just for today though... our BULLISH OBJECTIVE TARGET

NASDAQ 7486

7401 here UP 500 on the day's high

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