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Post OPEX blues


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#1 K Wave

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Posted 23 November 2015 - 02:30 PM

amazing how well this has been working for a while now... GS hinted at it on Friday, and then AAPL started cracking this AM. Along with major red alerts blaring on the G.O./Gartman cators Once NQ busted and back tested the key pivot at 4690, sayonara bulls... Once we take out 1600 on the NY decliners, this could turn into bloodbath....that chart looks like a beach ball being held beneath the water over last few days...ready explode upwards at any moment...

Edited by K Wave, 23 November 2015 - 02:38 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2 K Wave

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Posted 23 November 2015 - 02:37 PM

Got tons of 5 min charts rolling over here after weak, sideways up phases.... This AM pivot looks very important to intermediate term now....see how far bears can take it down now. I would say the if bears cant take out SPX 2060 over next couple of days, then bull will likely prevail for Santa Rally. But if they do....then possibility the whole ball of wax melts down, despite seasonality. Also watch 21,600 level on Wilshire 5K...back below that could seal in the swing high failure...

Edited by K Wave, 23 November 2015 - 02:38 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 K Wave

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Posted 23 November 2015 - 02:43 PM

Watch NDX, after being the strong one for so long, it is now leading down, along with SOX. Watch the the 4650 level...that was the bottom of the NR7 day...which, if breached, would likely confirm that Friday was completely fake OPEX related Wile E Coyote cliff edge action....and that gravity is now about to take hold....

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy