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Post by theMist on Nov 25, 2018 19:20:28 GMT -5
S&P Monthly Chart The more and more I look at these charts the more bearish they look may take a few months but S&P headed to that lower BB on Monthly and 50sma (red line) IMO  |
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Post by theMist on Nov 25, 2018 19:23:02 GMT -5
Jim's video
I think, for charting reasons, the S&P sits at an inflection point as of the close on Friday, 11/23. If the S&P drops much further then
the idea of a potential head and shoulders pattern (at least as we have been looking at it) will take a serious hit and we then would have
to look for something else shaping up. We are also only about 4% away from tagging the LONG term line of support. If we break through
that line (the blue line near the bottom of the screen cap below) then we have to consider that this 9+ year bull run is coming to a close
and the top of the market is likely 'in' even though there is still no typical topping pattern...
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Post by clinton on Nov 26, 2018 0:21:12 GMT -5
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Post by walnut on Nov 26, 2018 11:07:32 GMT -5
My AMZN finally having a good day. I am pinching myself, I thought that never happened anymore.
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Post by theMist on Nov 26, 2018 12:49:27 GMT -5
S&P already showing signs of rolling over -- just no real follow thru
Wont be surprised if markets are red by eod
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Post by theMist on Nov 26, 2018 13:12:11 GMT -5
Here's the eoy Santa rally and the collapse we'll see...  |
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Post by clinton on Nov 26, 2018 14:54:32 GMT -5
XLF looks like its at trend resist
SPY looks like a gap and crap tomorrow
I know those are opposites
Im going to wait for the gap up and go short
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Post by clinton on Nov 26, 2018 20:44:01 GMT -5
idiot trump threatening tariffs on apple products now.
fucker is shorting this market
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