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06/25/2022 Weekend Update

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Cobra
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06/25/2022 Weekend Update

Post by Cobra »

Up 1 week, 76% chances higher high ahead the next week, so still some up rooms at least.
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JFR
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Re: 06/25/2022 Weekend Update

Post by JFR »

SPY daily. PnF, the slow moving freight train. Still moving up, on a bounce. Lots of overhead weight and resistance, however.

Screenshot_20220624_151440.jpg
Charts posted are not recommendations. They are just a sharing of information.
koolblue
Posts: 970
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Re: 06/25/2022 Weekend Update

Post by koolblue »

Weekly.png
:shock: 8-)
koolblue
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Re: 06/25/2022 Weekend Update

Post by koolblue »

Hourly.png
8-)
te_fern
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Re: 06/25/2022 Weekend Update

Post by te_fern »

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377
This is not investment or trade advice.
koolblue
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Re: 06/25/2022 Weekend Update

Post by koolblue »

Daily.png
:o :shock: :lol: 8-)
koolblue
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Re: 06/25/2022 Weekend Update

Post by koolblue »

So how does this play out short term? Well, the ideal way is a new high (3960?, 3985, or the big round at or just above at 4000.50-4018 ) then a decline into Wed. TO (3873, or 3856) then up to the peak around July6-7th. We could of course get the decline first . Globex Sunday night should give some clues.
koolblue1413
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Re: 06/25/2022 Weekend Update

Post by koolblue1413 »

The other thing that fits nicely is the market geometry...The low at 4101 to B at 4631= 530 points. From the current low C to D comes to 4165.Might mean nothing. What do u think?
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Al_Dente
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Re: 06/25/2022 Weekend Update

Post by Al_Dente »

SPY performance
(purple circles): Note that the March rally had the love and support of the top SPY holdings; the late May rally barely registered before it failed, and this week's rally isn't YET getting much support from the SPY peanut gallery. SPY needs more help.
Screenshot 2022-06-25 093557.jpg
ps: Seasonality favors bulls in July
https://cdn.substack.com/image/fetch/f_ ... 64x482.png

Here is seasonality per stockcharts (click one of the little boxes at the bottom-left of the chart to see other views)
https://stockcharts.com/freecharts/seas ... symbol=SPY

https://stockcharts.com/public/1684859
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 06/25/2022 Weekend Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
jademann
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Re: 06/25/2022 Weekend Update

Post by jademann »

VIX 20ema still above 50 meaning sell rallies:
I have no position because of all the bearish sentiment when that last support failed at the bottom. I will not be chasing.
https://schrts.co/asfyYaVj

I think they want oil below 100. Then the stock rally ends?
My comments were dictated to me by homie the clown
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BullBear52x
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Re: 06/25/2022 Weekend Update

Post by BullBear52x »

From "It is what it is Department" Short term momentum is bullish, we got all the signals of a bottom, the next question is will it sustained? we are too early for that, for me the daily trend following sell setup fail first before I can say the bottom is in.

First day $NYMO >0. short term turning bullish plus a big positive divergence on $NYSI.
1.PNG
For the bottom to sustain, Hi/Lo index must stay above 0 line, for now that is not the case. :ugeek:
3.PNG
Trend following setup, sell the rip, not overbought enough just yet. the higher the better sell setup in this case.
2.PNG
Intraday, positive price action, expecting higher trading price unless we Trade under 38.2% then things might change and reverse down sooner. remember it is end of month window dressing also. Trade well, Peace!
4.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
koolblue
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Re: 06/25/2022 Weekend Update

Post by koolblue »

July 22.png
Just for fun . Hope you enjoy it!
Last edited by koolblue on Sun Jun 26, 2022 8:27 am, edited 2 times in total.
koolblue
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Re: 06/25/2022 Weekend Update

Post by koolblue »

OOPS : 4632.5-3807.5=82.5 . Steele would round to 83 days and starts with the day after Friday 3/29. DAY 82 is JUNE 17TH. Day 83 is Sat 6/18 so Steele would use the 17th. if the number fell on Sun, he would use Mon. the 20th ( dont know why i got 5/24 in my head)
Daniel
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Re: 06/25/2022 Weekend Update

Post by Daniel »

XLE is sitting just above the 200day sma/40week sma, which is now in the $66 range. The lower bollyband, on a weekly chart, would be about $3 below that. The weekly low on XLE was 69.50, and a level of former resistance and now support from February is around 68. If this recent decline continues, and carries price thru these levels, we could see a quick capitulation freefall down to that strong psychological area of the rising 200ma, which has not been tested in a long while.

Analysts I follow indicate oil demand is strong, and add'l supply can no longer be readily obtained. The slope of that rising 200day supports this thesis. In past stagflations energy was the leading sector. We are not leaving stagflation anytime soon.

Is anybody else slavering their jaws at the thought of XLE in that juicy 66-68 zone?

:?:
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