First test of EMA20 in 2+ hours, watch for EMA short setup.
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koolblue1413 wrote:Ok, fibs at 3654.50, Large A equals C at 3656.5, and my target since 4632. I am still bearish, but longer term investors could begin to nibble here. Should be a good buy scalp down there too!
kool, asking the ? again, if big banks think fair market value is 3400 (at best), who is buyin here?? will not trust any bounce for long.
Well said I hope my charts the last couple days explained that I expect lower in time...here's how I think it could play out..too many people are looking at 3650. When it gives way ,investors will get very nervous. Should we deline to the low 3500s it may be an inflection point.When and if it should give way, I think everyone will embrace 3250 (still a long way down) and whether that's in the cards or not they may panic and run for the exit..lol
jademann wrote:I have some great news for those buying today. There will be no rates increases for at least 1 month. So we will have three weeks of reduced fear.
koolblue1413 wrote:Ok, fibs at 3654.50, Large A equals C at 3656.5, and my target since 4632. I am still bearish, but longer term investors could begin to nibble here. Should be a good buy scalp down there too!
kool, asking the ? again, if big banks think fair market value is 3400 (at best), who is buyin here?? will not trust any bounce for long.
Well said I hope my charts the last couple days explained that I expect lower in time...here's how I think it could play out..too many people are looking at 3650. When it gives way ,investors will get very nervous. Should we deline to the low 3500s it may be an inflection point.When and if it should give way, I think everyone will embrace 3250 (still a long way down) and whether that's in the cards or not they may panic and run for the exit..lol
rhetorical ?, but thanks for reply! I am concerned big picture. Once we get to the floor, the bigger questions will be who buys and what grows us off the floor if there is no free money aaand muc less of it in general? Wishing I am completely incorrect. Really do. Fed screws this up, risk is loss of faith in then not good. ok, bulls bail me out of my worries.
Gold is up today, and right in the middle of its short term range. GLD is currently resting right on, or just over, its fairly flat 200sma. It's on short term momentum-models buy signals.
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Just stop by to say "Hi", brutal market, if there will be a bottom and one thing to look to is $CPC after market data. need to be under 1 to say buy-able, as over sold as it is now, fear is high, Crash territory. Peace!.
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cletus wrote:Just purchased NFXL calls that expire in August. I don't know if the bottom is in for today, but it's somewhat immaterial to the intermediate term outlook. I still think we have serious upside here because we have gap over gap to fill on SPY as well as a futures gap that formed recently much higher that hasn't filled. That is the bare minimum target.
Will have to say, I have not seen , for very long time, daily gaps like that that still are not filled. couple days now, quite the rarity, makes me nervous.
Where is that Sanku pattern confirmation, bulls fill this am gap , please. 4 unfilled gaps on the board.
Testing the day low, breakdown is a little bit more likely.
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3,650 has been hit on SPX. Might not be the exact low, but expect a rally sooner than later. There is a double gap (gap over gap) on SPY at 397. That's a long way to go up. Not sure if NYMO will get a positive divergence today, but yields are down (bullish for stocks) and the vix is negatively diverging on price (bullish) and NYMO might well be positively diverging
cletus wrote:3,650 has been hit on SPX. Might not be the exact low, but expect a rally sooner than later. There is a double gap (gap over gap) on SPY at 397. That's a long way to go up. Not sure if NYMO will get a positive divergence today, but yields are down (bullish for stocks) and the vix is negatively diverging on price (bullish) and NYMO might well be positively diverging
Proverbial poop is very close to hitting the fan. What shall rocket a bounce? Fed is done for month, earnings mid july, russia peace best bet? (yikes). Technical bullish setups galore last few months, failed miserably...Need hope!