te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Mar 05, 2020 11:24 am
This support seems to still be working...
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This is not investment or trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Mar 05, 2020 11:26 am
lower lows: none yet
potential double bottoms: transports, banks
potential double tops: smalls, QQQ, discretionary
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Mar 05, 2020 11:30 am
I am not greedy, a gap fill will be nice, I am very positive it will.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullTart
Posts: 398 Joined: Thu Sep 01, 2011 12:23 pm
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by BullTart » Thu Mar 05, 2020 11:32 am
backtested the ascending triangle after breaking down and got smacked back down hard - more validation of the triangle
200 sma is now resistance, it is downward sloping, along with the 80 and the 25, all three pointing downwards.
once 3040 is pierced on the downside, look out below!
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Last edited by
BullTart on Thu Mar 05, 2020 11:41 am, edited 2 times in total.
Heck
Posts: 2535 Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada
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by Heck » Thu Mar 05, 2020 11:38 am
$SPX BUYING > 2,999.83 edit = UP
SPY BUYING > 300.01 edit = UP
Last edited by
Heck on Thu Mar 05, 2020 4:29 pm, edited 8 times in total.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Mar 05, 2020 11:50 am
SPX double top doesn't confirm until it trades just below 3000
60min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra
Site Admin
Posts: 58491 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Thu Mar 05, 2020 11:57 am
So far it's just a range day. Breakout here with strong bull bar in the next couple of bars then it could even be an uptrend day although personally I'll treat it as a range day anyway.
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Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
Post
by Al_Dente » Thu Mar 05, 2020 11:59 am
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Heck
Posts: 2535 Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada
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by Heck » Thu Mar 05, 2020 12:10 pm
DGX Target + 69 %
From 114.11 to 193.12
+ 1.92 % Dividend
BullTart
Posts: 398 Joined: Thu Sep 01, 2011 12:23 pm
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by BullTart » Thu Mar 05, 2020 12:16 pm
back test of the triangle - moment of truth!!!
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BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Mar 05, 2020 12:19 pm
Give me 93, I will call it a day. greed kills.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Mar 05, 2020 12:23 pm
93
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
Post
by Al_Dente » Thu Mar 05, 2020 12:30 pm
bull 3 push up on fang+
HH
internals bear
5min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu Mar 05, 2020 12:36 pm
no confidence, I am sitting out wait for new buy, 80ish is too strong of a resistance.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu Mar 05, 2020 12:39 pm
will buy in at 62 again, last buy.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu Mar 05, 2020 12:41 pm
behaving like a range day at best.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullTart
Posts: 398 Joined: Thu Sep 01, 2011 12:23 pm
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by BullTart » Thu Mar 05, 2020 12:42 pm
Well, there it is!
The moment of truth resulted in a big red bar down after back-testing the ascending triangle! You know what that means...
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MrMiyagi
Posts: 10328 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Thu Mar 05, 2020 12:43 pm
European markets closed 13 minutes ago, SPY QQQ rise was likely shorts covering. Should see a pullback and stability after. True move likely won't happen until after 13:00 ET (post-lunch in NYC).
BullTart
Posts: 398 Joined: Thu Sep 01, 2011 12:23 pm
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by BullTart » Thu Mar 05, 2020 12:48 pm
Very good point - thanks Miyagi-san
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Mar 05, 2020 12:57 pm
I don't want to sell today, but no more buy, I am done.
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My comments are for entertainment/educational purpose only. NOT a trade advice.