|
Post by theMist on Nov 14, 2018 8:05:54 GMT -5
Jim's video
Everything that was mentioned yesterday described today's action almost 100%. With that in mind, if you did NOT see the video yesterday - here it is AGAIN for today. There is no need to do anything different on this chart except to add a very small short term line of resistance over yesterday's high and today's high. This has been done on the Live Chart for today. Other than that, we are in the exact same technical condition today as we were yesterday. Something tells me we see something a bit more significant happening tomorrow or Thursday... based upon the symmetry we discussed yesterday.
|
|
|
Post by theMist on Nov 14, 2018 9:29:56 GMT -5
S&P Futures Futures did hit that LS low and bouncing so far Markets need to rise up on cash charts to SP2760 and SP2820
|
|
|
Post by clinton on Nov 14, 2018 9:34:48 GMT -5
all pops will be sold into = bear market
|
|
|
Post by huh on Nov 14, 2018 9:48:04 GMT -5
IWM strong like bull
|
|
|
Post by clinton on Nov 14, 2018 10:21:08 GMT -5
seriously, this SHOULD crash the market.
Trump chief of staff clashes with first lady, may be on way out
|
|
|
Post by clinton on Nov 14, 2018 11:07:54 GMT -5
AND spy AND iwm GO RED
|
|
|
Post by clinton on Nov 14, 2018 11:16:56 GMT -5
FROM STOCKTWITS
|
|
|
Post by walnut on Nov 14, 2018 11:36:41 GMT -5
The bear had to go. The penguin knew too much.
|
|
|
Post by theMist on Nov 14, 2018 12:23:01 GMT -5
Clinton - you just put a floor in the markets lol
|
|
|
Post by dino on Nov 14, 2018 12:30:48 GMT -5
seriously though, all these iH&S patterns are so perfectly formed thus far and everybody is talking about them. market theory says that's bearish.
|
|
|
Post by dino on Nov 14, 2018 12:31:24 GMT -5
wonder if we'll get a santa rally
|
|
|
Post by theMist on Nov 14, 2018 12:41:49 GMT -5
It has crossed my mind Dino
possible the potential iH&S pattern breaks down
|
|
|
Post by walnut on Nov 14, 2018 13:06:56 GMT -5
I think we have to get past this VXX daily stochastic launch. Later next couple of days I'm afraid. Could roll sooner if for some reason we get lucky but not counting on it. That will finish a right shoulder. If that fails, then I am more worried.
|
|
|
Post by walnut on Nov 14, 2018 13:11:22 GMT -5
Hourly VXX indicators. The hourly TSV looks very bad I'm sorry to see. Hourly TSV is a pretty reliable predictive indicator when it shows a trajectory like this IMO. Need a stochastic roll, nothing will cure this for now but some good luck.
|
|
|
Post by theMist on Nov 14, 2018 13:16:28 GMT -5
It all depends on where S&P finds a bottom
S&P even tested 2700 with this pullback
BTW - Jerome Powell is talking tonight in Dallas If he even hints at dovishness, everyone and their mother will be buying tomorrow lol
|
|
|
Post by walnut on Nov 14, 2018 13:19:24 GMT -5
Yeah I'm hopeful. I'd love for hourly TSV to turn down sharply this afternoon.
I feel like the indicators have been caught out of sync by this right shoulder and are looking worse than they need to.
|
|
|
Post by theMist on Nov 14, 2018 14:14:35 GMT -5
Great - SP2685.43 is a gap fill and S&P hit 2685.75
Seriously?!
move might not be done - wish it would have filled it already
|
|
|
Post by theMist on Nov 14, 2018 15:13:55 GMT -5
S&P Hourly Chart still possible
|
|
|
Post by dino on Nov 14, 2018 17:11:59 GMT -5
It has crossed my mind Dino possible the potential iH&S pattern breaks down I'm now wondering if this is a big set up to burn longs like they always used to burn shorts with those H&S patterns where the right shoulder starts to form then wham, they reverse it up. Maybe they're painting this iH&S, sucking in longs along the way then wham, huge gap n crap? Just a thought...
|
|
|
Post by huh on Nov 14, 2018 19:44:13 GMT -5
|
|