champix wrote:well it seems that we are entering the truth zone on crude (CL).
I think we gonna see in the following days if we have a rebound or a crash...
Maybe as soon as tomorrow if rebound...
Here's what I looking at long term.
I love that chart and ur magic 31 I wish I had bought all of them
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
champix wrote:well it seems that we are entering the truth zone on crude (CL).
I think we gonna see in the following days if we have a rebound or a crash...
Maybe as soon as tomorrow if rebound...
Here's what I looking at long term.
Humm... magic 31 would means 10% more down. I have a final target at about 85/86 too.
but I am really tempted to go long for a quicky 92/93 --> 96... but go long with such a downtrend, not the better idea...:)
not fulfill 100% double top target but it's a successful double top.
now let's see if bulls can make a good rebound here which if indeed would still be bull biased.
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champix wrote:well it seems that we are entering the truth zone on crude (CL).
I think we gonna see in the following days if we have a rebound or a crash...
Maybe as soon as tomorrow if rebound...
Here's what I looking at long term.
I love that chart and ur magic 31 I wish I had bought all of them
it's magic until it's not
My comments are for entertainment/educational purpose only. NOT a trade advice.
champix wrote:well it seems that we are entering the truth zone on crude (CL).
I think we gonna see in the following days if we have a rebound or a crash...
Maybe as soon as tomorrow if rebound...
Here's what I looking at long term.
Humm... magic 31 would means 10% more down. I have a final target at about 85/86 too.
but I am really tempted to go long for a quicky 92/93 --> 96... but go long with such a downtrend, not the better idea...:)
yes, it will be counter trend big time
My comments are for entertainment/educational purpose only. NOT a trade advice.
good rebound, now measured move target at Galaxy far far away. Maybe fib 61.8% at $177.08ish is reasonable.
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testing day high, key time. bears have 50% chances.
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for newby, educational purpose only, the rest of you pro can wink at it.
see why I see 176.21 as important? see gap up then and gap down now. some thing about this level that I see as important.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Story is the same. SPY breached the upper bb on 10/18, then fell back in and have been slowly drifting away from the upper bound ever since. Eventually, should have a big red candle day to slam us back down pretty good. Maybe 3-4 of them.
Even today, with the rally off the lows, we're moving further away from the upper bound as we lose momo.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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