Panda-BEAR: 20+ yrs active trading experiences; use a TEACT formula (Trend, EWT, Astro, Cycle & Technical). NTA. MPW's zone: https://xitter.cf/t.co/ZPu5cRLwEz
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Joined February 2009
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The trap has been set--earlier than I thought, but stronger too. At 7736, the bulls are rejuvenated and eager for another run to ATH. However, this is the smoke-screen; regardless of FOMC's decision, a fallout would kick off after 2:30pm, all the way to Thursday afternoon. NTA
$MSFT EARNING PLAY: (1) The large-cap stock has its own story line and wave pattern. $MSFT has been working on a W-shaped bottom and rebound for a while. (2) at 552 high, it completed a perfect-looking 5-wave impulsive move, and ready to retrace. (3) a symmetry shape is forming.
MPW Bamboo Scroll #247 Posted: (1) next week would give newbie traders a taste of "panic and fear." All things line up perfectly, with BIG TECH earnings and FOMC. (2) I revealed how I called 7612 to singile-digit level and what is the REAL BOTTOM. Check herethekobeissiletter.com/pa…
Read the Note on the chart:
Based on the setup, I am leaning bearish of $GOOG, which is ready to close the gap below at 304. If so, it would drag $SPX lower by 30-40 points alone.
7630-7640: (1) for the next two sessions, SPX would chop between 7600 and 7690, and most likely close over 7625. (2) however, all these fluctuation is a prelude to the BIG SHOW on Wedn., which will be a MAJOR TRAP for bulls. (3) the 120-min after 2:30pm Wedn. is the watershed.
MPW Bamboo Scroll #247 Posted: (1) next week would give newbie traders a taste of "panic and fear." All things line up perfectly, with BIG TECH earnings and FOMC. (2) I revealed how I called 7612 to singile-digit level and what is the REAL BOTTOM. Check herethekobeissiletter.com/pa…
Master WU retweeted
Key Events This Week:
1. September New Home Sales data - Tuesday
2. October Fed Meeting and Rate Decision - Wednesday
3. Microsoft, $MSFT, and Alphabet, $GOOGL, Report Earnings - Wednesday
4. September PCE Inflation data - Thursday
5. US Q3 2026 GDP Data - Thursday
6. Amazon, $AMZN, and Intel, $INTC, Report Earnings - Thursday
7. ~20% of S&P 500 Companies Report Earnings This Week
Buckle up for one of the busiest weeks of the year.
MPW Bamboo Scroll #247 Posted: (1) next week would give newbie traders a taste of "panic and fear." All things line up perfectly, with BIG TECH earnings and FOMC. (2) I revealed how I called 7612 to singile-digit level and what is the REAL BOTTOM. Check herethekobeissiletter.com/pa…
THE LOW IS 7612--within my bottom target range [I wrote: near 7615, +/- 3 points].
Out of my puts near the low, then entered calls; now, that position almost doubled in an hour. Out of half and set up stops for the rest.
7615 Bottom:
At the open, SPX would set up a 5th wave bottom near 7615 [+/- 3 points] and then rebound for a large W-B.
I will close ALL MY SHORT positions [10/23 SPY 766 puts and 10/30 SPY 760 puts] and enter some 10/26 SPY calls--this is a VST play, for the rebound.
Out of most 10/23 SPY puts now. Still keep half 10/30 SPY puts, entered around 7750.
$VIX=18.75 > 18.50.
The black trendline over the last 18-month has been effectively broken. The next two targets are (1) 21-25 gap--which I strongly believe market would get there by the end of October. (2) 34-36 gap--that would take some extra efforts from geo-political front
$VIX=18.75 > 18.50.
The black trendline over the last 18-month has been effectively broken. The next two targets are (1) 21-25 gap--which I strongly believe market would get there by the end of October. (2) 34-36 gap--that would take some extra efforts from geo-political front
Let me be as simple and clear as possible:
IF by today's close, $VIX is higher than 18.50, then bears will have a wild run for a few days.
CHECK THE RED PATH THAT I POSTED ON 10/17.
ALMOST PERFECT.
NOW, THE BOTTOM IS VERY FAR LOWER.
7750 rebound target REACHED, NOW BE READY.
Take a look at MPW Scroll #246, which was posted to subs on 10/17--the Red Path is my primary count, which calls for a zigzag rebound from 7631 to 7750 by Wednesday.
Now, SPX reached 7750 almost perfectly. If Red, then be ready.
Let me be as simple and clear as possible:
IF by today's close, $VIX is higher than 18.50, then bears will have a wild run for a few days.
The warning sent on Oct. 15 was timely and accurate. $VIX broke over the declining trendline and the consequences will be shown up later next week--not on Mon & Tue, as a rebound is due. However, this break-out smashed a 18-month setup, so the fallout will be consequential.
MPW Mid-week Update Posted: (1) it is this time of year, when things may turn upside down then downside up repeatedly. (2) it is no coincidental that the mid-point of MR falls on the EXACT day of mid-term election. A major turning point. (3) check here thekobeissiletter.com/panda
7750 rebound target REACHED, NOW BE READY.
Take a look at MPW Scroll #246, which was posted to subs on 10/17--the Red Path is my primary count, which calls for a zigzag rebound from 7631 to 7750 by Wednesday.
Now, SPX reached 7750 almost perfectly. If Red, then be ready.
MPW Bamboo Scroll #246 Posted: (1) looking at the Fear & Greed Index, you would have thought that the market is crashing--18, EXTREME FEAR? (2) WHAT? Are the new cohort of traders fainted-hearted as such? Nothing serious, YET. (3) WHEN, then? Check here thekobeissiletter.com/panda
The warning sent on Oct. 15 was timely and accurate. $VIX broke over the declining trendline and the consequences will be shown up later next week--not on Mon & Tue, as a rebound is due. However, this break-out smashed a 18-month setup, so the fallout will be consequential.
The implication for this $VIX breakout is dare [for bulls, of course]--the most severe since March 2026. The black trendline--will be broken, sooner or later, but the fallout will have more meaning for the larger picture.
MPW Bamboo Scroll #246 Posted: (1) looking at the Fear & Greed Index, you would have thought that the market is crashing--18, EXTREME FEAR? (2) WHAT? Are the new cohort of traders fainted-hearted as such? Nothing serious, YET. (3) WHEN, then? Check here thekobeissiletter.com/panda
