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Post by theMist on Nov 21, 2018 7:46:25 GMT -5
Holy shit! Green! Jim's video More significant weakness today as the anticipated back test on the broken line of resistance went deeper than one would have expected. We are also very near the lowest point of the inverted head of this POTENTIAL pattern and that causes me to feel less confident about this pattern. We also had that 'cup and handle' pattern fail on us. So, it appears that the markets are exhibiting more and signs of structural weakness. So, I am open to the idea that, while there is no clear pattern of a top in sight, we might have seen the top. I want to stress MAYBE we have seen the top. That is only an expression of open-mindedness... |
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Post by theMist on Nov 21, 2018 7:54:30 GMT -5
S&P 4Hour I see an infamous broadening descending wedge (megaphone) pattern.  |
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Post by clinton on Nov 21, 2018 9:44:19 GMT -5
sold uso call +25%
still waiting on CHK to pop more
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Post by clinton on Nov 21, 2018 10:25:31 GMT -5
Im bullish until about 2PM friday
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Post by clinton on Nov 21, 2018 10:25:59 GMT -5
spy looks like a short just above the 200ma 10min
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Post by theMist on Nov 21, 2018 10:31:10 GMT -5
Im bullish until about 2PM friday but the markets close at 1pm est lol I'm sure you mean central time  |
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Post by clinton on Nov 21, 2018 10:43:47 GMT -5
Im bullish until about 2PM friday but the markets close at 1pm est lol I'm sure you mean central time friday is a short day? didnt know that bullish till hour before close. |
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Post by theMist on Nov 21, 2018 10:55:42 GMT -5
Expecting VXX to fill yesterday's gap up...so drop to 37.48ish at least
VXX currently 38.42
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Post by walnut on Nov 21, 2018 11:02:34 GMT -5
Hard to believe vxx got that high
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Post by clinton on Nov 21, 2018 11:04:54 GMT -5
cryptos getting destroyed just like schiffy been preaching
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Post by theMist on Nov 21, 2018 11:05:43 GMT -5
Hard to believe vxx got that high Today could be beginning of Santa rally that may get back some of the bulls losses. But going into next year, I don't like what I see |
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Post by walnut on Nov 21, 2018 11:07:02 GMT -5
We're fighting a real trade war on one front, while the Fed is ratcheting up rates oblivious to the suddenly cooling economy. I am sure that China leaders are working together more closely than that. Powell needs to back off for a half a year or so, and announce it today.
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Post by theMist on Nov 21, 2018 11:09:53 GMT -5
As you know Walnut, my predictions
Amazon to 1k
NVDA to low 100 and possibly 70s
FB 100
Obviously, won't be without bounces along the way
One more rally up and I will most likely turn Bear
SP2300 possibly next year
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Post by walnut on Nov 21, 2018 11:32:48 GMT -5
AMZN hourly TSV has bottomed and it seems like this rally might have some legs, hoping
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Post by theMist on Nov 21, 2018 13:22:22 GMT -5
Unless this rally takes another leg up -- it's already starting to look like a small bounce bear flag
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Post by walnut on Nov 21, 2018 13:51:46 GMT -5
AMZN hourly stoch already hit the top, but daily stoch should be launching.
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Post by dino on Nov 21, 2018 15:04:04 GMT -5
SPX +21 is like chicken nuggets on Thanksgiving
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Post by lasvegas77 on Nov 21, 2018 15:42:51 GMT -5
Bearish closing.
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Post by walnut on Nov 21, 2018 15:47:36 GMT -5
Falling hourly stoch on the indexes, however bullish daily stochs should be kicking in over next couple of days. If ya believe that stuff
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Post by theMist on Nov 21, 2018 16:36:02 GMT -5
yep - another ugly close
Happy Thanksgiving everyone!
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