BullBear52x wrote:Tick tock tick tock...next new high or double tops will give me the go evil button.
Dr. Evil,
could you plz reveal your evilish plan so we could join you?
Groovy
Sure, if you want to loss your money with me here gap resistance area, now just wait for Negative Divergence to pull the trigger, or wait for the roll back below 200ma 1min. I keep thing pretty simple.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
consolidate above the OR high is good, although I still doubt how high the rebound could go.
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looks like a channel is forming. bottom boundary held this morning and then everyone lost interest in selling. perhaps once europe closed? out of sight out of mind. bots are back to buying like its 3pm yesterday redux. i'm thinking we'll see 1200 by the end of the week. bots will do the heavy lifting and then the momentum chasers will tag along. plenty of bargains out there right now and zero yield in bonds.
StrikePrice wrote:Broke my Pink Line and held it. Will it be the end of that down channel? Well I'm still in the camp we revisit the 1102 or lower but not until 8/26.
Can the Dow get to Double Digits down by the close? Or will Bears stop this rally?
Watch for Volatility Squeezer on 1 minute. We could break hard to downside from that.
8/26 the day after Jackson Hole. Would be an analogous trading scenario like today and yesterday.
Yes. I basing it on:
I have a Fib Time Series on a daily S&P500 chart starting at the Feb high and the 1 at the March low. It’s been very accurate I feel with turns thus far with the 2 at the April high, the 3 at the May high and the 5 at the June low. The 8 is due around 8/26 so I feel that could match up with the low, especially with what we know has been happening around end of month where we rally either at end of month or start of month, not to mention Jackson Hole. Draw it yourself and see.
Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.
IYR/URE green and gap closed, is it good news?
yeah, sure.
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a least there's one more push up, no worry bulls here.
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Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.
so we're going to roll over again tomorrow ? down to the floor ?
ahhhhhhhhh this market is driving me insane
not sure tomorrow. I think the market is forming a flag or rectangle here before the next leg down. It's really really very rare the low was yesterday.
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Cobra wrote:hmm, phantom bar, now we all know where the target will be.
I didn't get this phantom bar from my data provider but I do hope it happens. Hoping the other half can reach above 116.50. Still 1 hr and 15min to go.
Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.
so we're going to roll over again tomorrow ? down to the floor ?
ahhhhhhhhh this market is driving me insane
not sure tomorrow. I think the market is forming a flag or rectangle here before the next leg down. It's really really very rare the low was yesterday.
Thank u kind sir! i guess i should hedge my longs overnight then .
If you want to go short but don't feel like chasing, naked puts might be an option to get a leg in, especially given the volatility. http://wp.me/p1jbrN-c3
How do you plot the volatility squeezer on 1 min? and how to plot the fib time series on Thinkorswim. Any ideas.
If you can post a screen shot of your screen, that may be helpful.
Sorry for the dumb questions. I am new to all this
Thanks in advance,
kv
StrikePrice wrote:
fuddleduddle wrote:
StrikePrice wrote:Broke my Pink Line and held it. Will it be the end of that down channel? Well I'm still in the camp we revisit the 1102 or lower but not until 8/26.
Can the Dow get to Double Digits down by the close? Or will Bears stop this rally?
Watch for Volatility Squeezer on 1 minute. We could break hard to downside from that.
8/26 the day after Jackson Hole. Would be an analogous trading scenario like today and yesterday.
Yes. I basing it on:
I have a Fib Time Series on a daily S&P500 chart starting at the Feb high and the 1 at the March low. It’s been very accurate I feel with turns thus far with the 2 at the April high, the 3 at the May high and the 5 at the June low. The 8 is due around 8/26 so I feel that could match up with the low, especially with what we know has been happening around end of month where we rally either at end of month or start of month, not to mention Jackson Hole. Draw it yourself and see.
now we will get a $NYMO divergence at close, so high probability of a bottom of some kind here.
Agreed ?
not enough. A VISIBLE divergence is needed.
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