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Don't know whether it's a head and shoulders bottom here. Wait and see.
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yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.
brokebybernacke2 wrote:yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.
i got in yesterday. on the short side!
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Seems like this selling is overdone, Dollar is lower, long end bonds recovering losses, support holding, VIX slightly falling... risk/reward skews higher today i think
brokebybernacke2 wrote:yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.
i got in yesterday. on the short side!
Nice. Bulls gotta lotta work to do. CPI tomorrow. Bullish failures piling up...shorting rallies been the way, until they are not..how are earnings moving forward st going be good with rates high??? Think we gotta get through October earnings pain first before a bottom of some sort, just opinion. Shall be a bucking bronco until then.
Daily signals are still short,
but they stayed short even thru the giant squeeze of early Sept
June low took only two days to form [pink box], we are now in day five of dicking around testing the 360 low
DAILY
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
It's the bear's last chance here to make another leg down. The current bull bar is big, could be an exhaustion which means a pullback here first $SPY $SPX $ES_F viewtopic.php?f=2&t=5375&p=308219#p308219
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3 Push Up here? So it should go like dashed blue line illustrated.
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Testing day low, let's see whether bulls can make a double bottom here. I need see two consecutive strong bull bars.
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