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08/08/2022 Live Update

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Cobra
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Re: 08/08/2022 Live Update

Post by Cobra »

Maybe the rebound would be sold? There's another leg down?
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koolblue
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Re: 08/08/2022 Live Update

Post by koolblue »

update.png
8-)
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JFR
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Re: 08/08/2022 Live Update

Post by JFR »

SPY 5 minutes. Price action.

Back to Friday's close, where it tests beneath support.

Screenshot_20220808_092119.jpg
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JFR
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Re: 08/08/2022 Live Update

Post by JFR »

Alternative assets.

Uppers: DBC IAU TLT USO

Downer: UUP

Screenshot_20220808_103308.jpg
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brokebybernacke2
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Re: 08/08/2022 Live Update

Post by brokebybernacke2 »

oil bounced, market no like
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BullBear52x
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Re: 08/08/2022 Live Update

Post by BullBear52x »

Bears need to trade under 38.2%, it will be a hard sleep tonight if not. I can smell bearish engulfing today. :twisted:
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BullBear52x
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Re: 08/08/2022 Live Update

Post by BullBear52x »

Look at 2008 and 2019 bear market, the initial dead cat bounce was above 50% on both time, therefore most TA guru were giving a more up room, Fundamental then and now if we are honest, it's not the same banana anymore given all the new age Algo trading platform that we are dealing with, it could go wrong real fast. It will be different this time :lol:

2008-9
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2019
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BullBear52x
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Re: 08/08/2022 Live Update

Post by BullBear52x »

For contrarian view, a second quarter of negative GDP, as soon as the words out that we are in recession, it normally mark the end of a down trend in stock market. but this time they the Washington doesn't want to announce that we are in a recession, so the bottom is not in yet :?: :idea: until they say so then we are. Washington already passing bills to combat the slow economy two weeks in a row or they do that in anticipation of a recovery?
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JFR
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Re: 08/08/2022 Live Update

Post by JFR »

SPY 5 minutes. Price action.

Testing down.

Screenshot_20220808_120118.jpg
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BullBear52x
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Re: 08/08/2022 Live Update

Post by BullBear52x »

Posted this swing setup chart this weekend, the sell delivered today, need to see LL under the box and under 5 DMA for an early stage of trend change.
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marcueus2
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Re: 08/08/2022 Live Update

Post by marcueus2 »

BullBear52x wrote:Posted this swing setup chart this weekend, the sell delivered today, need to see LL under the box and under 5 DMA for an early stage of trend change.
Wensday is coming - it will look same as last time(but now we have HH with lowering RSI so it is also different) - 8 day of consolidation and break out
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Cobra
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Re: 08/08/2022 Live Update

Post by Cobra »


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Cobra
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Re: 08/08/2022 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

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