SPY/Market Update

The last few weeks, since August 8th, have been some of the most stressful weeks of my trading career, at least on WOWS. There have been odds stacked as high as you can see against 3C's position that the market was going to see more upside. There were constant threats that the market would head lower. Everything in the media and analysis from Wall Street has said the FOMC meeting would send the market lower, the Jackson Hole speech would send the market lower and when it comes to emotions, I wanted to give in to these and just say, get short, the market is going lower, it was the obvious call, but it was not what 3C has been showing and I've answered a lot of emails from people feeling the same way, "How can 3C say this, look at Europe, look at the US, look at the Fed?". The only thing I can say and the only comfort I've had is trust and faith in 3C for this isn't the first time it's made a call that seemed way out of whack with the market, however it came through for me. So it's been a tough time.

However, look at these charts.... I and we can see underlying action, but we can't predict the future or how that underlying action will play out. Certainly 3C saved many of you money had you gone short or used PUTS. Even the barrage of bad news today hasn't sent the market lower and as I always say, "once Wall Street sets up the chessboard the way they want it and run a cycle, there's little that will stop them"

 Here's the triangle we saw last night, I thought we'd probably see a head fake down first before a move up, but we have sen a move up. There may still be a head fake, perhaps a move that throws the breakout in to question, but ultimately, this was the longer term action I've been saying 3C has been showing us for weeks now, and here we are.

 The hourly chart is better then in line, so I expect the intermediate move up, even if it sees a few days down and some doubt, will continue.

 The 30 min hart is catching up fast to in line status.

 This 15 min chart is still warning of a Wall Street head fake/game

 The 10 min hart is jumping in line

 As is the 5 min, although it' still lagging today

And the 1 min chart is lagging.

So head fake, perhaps it won't be to the downside, but what 3 has been telling us to expect, against all the odds, is playing out right here and now.