Declining stocks are 8 x advancing stocks HOD
Declining volume is 20 x advancing volume HOD !!
very hard to sustain those bearish extremes, but bears are… so far
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
vol surge, should be a rebound here first then we'll see, probably would be sold.
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Not that far off from bottom, but what if it's gaping down tomorrow? the risk of counter trend to take into account, yes, its very oversold but how long can you stay solvent?
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Unique wrote:ES: Key time for both sides. Bears approaching 1875 immediate target. Bears will open the flood gates if able to overshoot below 1869.7 which is the 78.6%
ES: About to fulfill the 1875 target. If bears overshoot under 1869 and sustain it then it's game over for bulls. As the next target is 1850 then 1831 per the nightly KISS updates.
ES: Bulls held the 1869 level by sticksaving at 1870 so far on 15m chart. No failure allowed here cuz sustain under 1869 then targets 1850 and 1831 become effective immediately
When the final low was installed during the 2011 correction, price fell far below the lower bb. How long did it take for price to recover from that? 2 days. 2 days later you were in the green.
Its just so hard to make money by playing a crash at the lower bb.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
usually 2:30 to 3:00 is just a counter trend move. don't believe a V reversal 6 time in a row.
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