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Post by theMist on Dec 10, 2018 1:17:40 GMT -5
Jim's video
This week's chart is really pretty interesting. If we look at the weekly candles, it sort of looks like we are likely to be in for another
rough week based upon the bearish engulfing weekly candlestick. However, keeping in mind that all candlestick patterns require a second
candle for confirmation, this is not exactly written in stone. On the contrary, a look at the FIVE minute chart leads one to believe that we
are likely to start the week with at least a short term rally that should return us back to 2700 or thereabouts. This video goes into the details.
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Post by jacksrbtr on Dec 10, 2018 7:23:57 GMT -5
Jim's video This week's chart is really pretty interesting. If we look at the weekly candles, it sort of looks like we are likely to be in for another rough week based upon the bearish engulfing weekly candlestick. However, keeping in mind that all candlestick patterns require a second candle for confirmation, this is not exactly written in stone. On the contrary, a look at the FIVE minute chart leads one to believe that we are likely to start the week with at least a short term rally that should return us back to 2700 or thereabouts. This video goes into the details. OMG!!!! I see “THE BIG DOUBLE DOUBLEW” there!!!! |
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Post by huh on Dec 10, 2018 8:19:04 GMT -5
I do think this is a major top - and the highs already made in October (remember the whole every major top or bottom in October or March?). But I also think IWM has one more strong leg up (and therefore the indices) - peaking perhaps no later than very early January. JMHO If I'm right about this final leg up, need IWM back over 145.05 today as that would signal the squeeze higher. |
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Post by clinton on Dec 10, 2018 9:40:13 GMT -5
options sellers are nervous
Im not seeing any bargains
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Post by clinton on Dec 10, 2018 9:57:57 GMT -5
LONG GDX PUTS
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Post by clinton on Dec 10, 2018 10:13:03 GMT -5
I think we have a dollar rally this week
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Post by walnut on Dec 10, 2018 11:37:11 GMT -5
More controlled, steady, but heavy, selling
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Post by clinton on Dec 10, 2018 13:38:03 GMT -5
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Post by clinton on Dec 10, 2018 13:44:46 GMT -5
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Post by clinton on Dec 10, 2018 13:45:32 GMT -5
LONG CHK CALLS
and done for the day
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Post by theMist on Dec 10, 2018 16:09:54 GMT -5
S&P Daily Chart Looks like S&P wants to even out right side some more - today could be bottom candle (needs confirm tomorrow) and if so not sure where this bounce will look to rollover I still see this whole year as a topping pattern and distribution  |
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