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Post by theMist on Nov 19, 2018 19:25:25 GMT -5
Jim's video
Over the weekend we mentioned that a back test of the broken descending line of resistance would be a perfectly normal expectation and it appears
that is what we are getting. Of course, we need to BOUNCE on contact with that broken line of resistance to confirm the broken downtrend and to
start a new up trend that will potentially run the S&P back up to the purple neck line where, if we can break out over it by a margin of 1% or better...
we start to look for that somewhat elusive move over 3000 to around 3045 as a minimum target.
Personal Note: It's over Jim
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Post by huh on Nov 20, 2018 8:04:48 GMT -5
Ouch, looking bad here. S&P final FIB support ~2653.50, but NDX and DJI really oogly. Gonna need some kind of miracle pop if there's to be any sort of turkey rally this year. Not at all what I expected for this week.
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Post by theMist on Nov 20, 2018 8:05:40 GMT -5
Same here Huh -- looks like we're retesting October lows
SP low 2600
BTW - was texting back and forth with Walnut and saying for past week that Amazon is going back to 1k, NVDA low 100
just didn't think it would be so fast lol
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Post by huh on Nov 20, 2018 8:06:52 GMT -5
IWM final FIB support ~147.80 (measured from 10/26 lows) - very near to testing that in pre now.
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Post by theMist on Nov 20, 2018 8:40:34 GMT -5
VXX Daily Chart Took a real careful look at VXX Daily chart - there is a small gap at 44.17 from April it's possible that VXX is trying to fill that gap  |
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Post by clinton on Nov 20, 2018 9:38:49 GMT -5
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Post by clinton on Nov 20, 2018 10:13:37 GMT -5
from yesterday
'
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Post by clinton on Nov 20, 2018 10:31:47 GMT -5
Drumpf policies sure have been good for AKS  |
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Post by theMist on Nov 20, 2018 10:58:08 GMT -5
S&P Hourly Chart Watch for backtest of that broken rising support (now resistance)  |
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Post by dino on Nov 20, 2018 14:04:41 GMT -5
S&P Hourly Chart Watch for backtest of that broken rising support (now resistance) Or... move your bottom line to tag today's bottom. That would still keep the symmetry of an ascending triangle with a third full touch. Fourth touch top, fifth touch bottom, sixth touch top (breakouts normally happen on the sixth touch). Way too early to tell - just an observation. |
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Post by clinton on Nov 20, 2018 15:47:53 GMT -5
holding CHK and USO calls expire friday
these should gap up tomorrow.
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Post by huh on Nov 20, 2018 15:48:21 GMT -5
There went my hopes for a turkey rally. Gobble GobbleGarble Garble  |
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Post by theMist on Nov 20, 2018 17:02:03 GMT -5
Thx Dino
Don't think this move is over just yet - not the greatest of final hours today
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Post by lasvegas77 on Nov 20, 2018 17:03:08 GMT -5
How are you holding in there guys? I still wonder what happened to ipath. Hope he's alright. He disappeared after that megaspike in February.
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Post by walnut on Nov 20, 2018 17:17:04 GMT -5
Buying some Amazon as it's been dropping, like trying to catch a falling knife of course...
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