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YesCobra wrote:3rd target met, should be more. bloody day today could be.
soku wrote:here comes my es 1335. i feel we are close to a tradable bottom now.
Cannot answer this here. Day trading, yes, I was short, but accidently stopped out after partial profit, so now I'm empty handed.kamukak wrote:Does anyone suggest going short here? Cobra is time to have some shorts now?
yes sir, evil TNA swing short set up.cougar wrote:R U short IWM? hope so! It is now in a support zone...If it breaks it....=> 77BullBear52x wrote:Intraday oversold, but since we are in sell the rip mode lets see how it reacts here.
Thanks! Congrats to you on DUST!cougar wrote:Excellent! Congratulations!ClarkW wrote:EEM at the 61.8% retracement of right wing. Strong move but might take a break here.
as oil magnate I love the drop in oil - plus Chesapeake self destruct buttonMr. BachNut wrote:One comment on Crude Oil.
Look at a weekly chart.
Yesterday, it pierced below a rising bottoms line from the February 2009 low.
It has been consolidating above this line for the last four weeks. So, the line was providing support.
The significance of the break probably explains the big volumes in USO yesterday.
It could be a move to force capitulation and set up for the turn, but if not, a revisit to those 2009 lows is technically in the range of outcomes over a longer time horizon.
Hard to believe.
The follow through from here should be informative.
next 5 min, silly. u don't know me?Mr. T wrote:soku wrote:here comes my es 1335. i feel we are close to a tradable bottom now.
In what time frame?
This is just the first down day = many more to come I hope.
OverUnder wrote:Calling all central banks -- calling all central banks -- PPT bot activation more READY.
I took a quick look and I saw 60.00 oil in 2009????Mr. BachNut wrote:One comment on Crude Oil.
Look at a weekly chart.
Yesterday, it pierced below a rising bottoms line from the February 2009 low.
It has been consolidating above this line for the last four weeks. So, the line was providing support.
The significance of the break probably explains the big volumes in USO yesterday.
It could be a move to force capitulation and set up for the turn, but if not, a revisit to those 2009 lows is technically in the range of outcomes over a longer time horizon.
Hard to believe.
The follow through from here should be informative.
the b-d point is around 1342. bulls need to challenge that area to keep options opensoku wrote:jpy is my favorite. it seems it will reach 80.5 today.
data bad. it reads a lot like b-d
GOOD! IWM ~77.42 (S2) is now resistance:BullBear52x wrote:yes sir, evil TNA swing short set up.cougar wrote:R U short IWM? hope so! It is now in a support zone...If it breaks it....=> 77BullBear52x wrote:Intraday oversold, but since we are in sell the rip mode lets see how it reacts here.
Oh yeah - and that's when companies like Pemex come looking for help from me- as all of a sudden their gross inefficiencies can no longer be masked by 130$ barrels (see 2008)TraderJoe wrote:I took a quick look and I saw 60.00 oil in 2009????Mr. BachNut wrote:One comment on Crude Oil.
Look at a weekly chart.
Yesterday, it pierced below a rising bottoms line from the February 2009 low.
It has been consolidating above this line for the last four weeks. So, the line was providing support.
The significance of the break probably explains the big volumes in USO yesterday.
It could be a move to force capitulation and set up for the turn, but if not, a revisit to those 2009 lows is technically in the range of outcomes over a longer time horizon.
Hard to believe.
The follow through from here should be informative.
One thing about that wedge. Given the width of the wedge, the target for a move on a break would be back to the June 4 low. So, that is a counter to the mild correction/dip buy argument. So, my mind is open to both possibilities at the moment.Richarab wrote:I am short hard on ES since yesterdayMr. BachNut wrote:Something to watch. There is a well defined rising wedge on the ES future. The break could be a mover.
Definitely saw that wedge - but the crazy swings yesterday started to form a wedge pointing up
The spx 8ma and 60ma crossed and towards bears - with moody downgrades plus other poor data I think some resolution down is going happen now - you are right in that it may just be a buy the bounce
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even three push down with positive divergence elsewhere ?Cobra wrote:the very 1st rebound shall fail.