SPX.,, diamond 60m, bullish falling wedge 5m.. and as before.. possible H&S VIX 15m, bear flag.. caution to the short side on the indexes,
SPX new lower low.. then bounce? something to watch
fehro wrote:SPX.,, diamond 60m, bullish falling wedge 5m.. and as before.. possible H&S VIX 15m, bear flag.. caution to the short side on the indexes,
SPX new lower low.. then bounce? something to watch
champix wrote:GM,
On ES 2127 is my line in the sand. Above, I will play a come back to Friday high @ 2142. Below, we should see 2120 then 2116.
Good luck.
ES, low @ 2117.75, pfffffffffffff boring day it is !
Have a nice one, I'm off.
fehro wrote:SPX.,, diamond 60m, bullish falling wedge 5m.. and as before.. possible H&S VIX 15m, bear flag.. caution to the short side on the indexes,
SPX new lower low.. then bounce? something to watch
still wedging lower low.. VIX no new HOD.. yet
looking for possible 2138 SPX.. breaks this 3 day downtrend green 5m
bears need to see new LOD to get it going for more tomorrow, we are in the oversold border line now. I am expecting a shakeout before a V-shape dead cat bounce.
My comments are for entertainment/educational purpose only. NOT a trade advice.
DellGriffith wrote:I have a friend who is brilliant but not even he can jump in and read this stuff. He doesn't understand bull, bear, hawkish, dovish, risk on, risk off. Investing is slowly turning into another language.
Hm. Maybe he isn't brilliant. Maybe he isn't motivated to try. Maybe he understands but doesn't want to be bothered explaining it to others.
Be contrarian! Nothing is at face value.
every occupation got their own language that's how expert comes into play, using the language that no one understand make ones feel superior, Human human.......
When I saw Wolf of Wall Street, Belfort would do these monologues about Wall Street concepts and I remember thinking that the terminology he was using was actually coherent and mostly correct but...why bother? There's no way the audience is going to notice!
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23