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Looking for a bounce below S&P 2580/70, NQ 6340/20


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#1 dTraderB

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Posted 09 February 2018 - 10:45 AM

and if it goes lower below S&P 2540/30

 

If no bounces at these levels then expect another 1K DOW decline



#2 uburack

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Posted 09 February 2018 - 11:00 AM

bounce 252, bottom 242. I think we see 206 this summer. cheers!


John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.

#3 Rogerdodger

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Posted 09 February 2018 - 11:54 AM

The "Magic" 10% already. Will it stay in the box?



#4 uburack

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Posted 09 February 2018 - 01:10 PM

knew almost immediately after posting that 254 (200ma) should be the bounce. poor kitty!  took 30% of shorts off the table. hagw!!

 

p.s. rodger, I like your map for time frames


John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.

#5 dTraderB

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Posted 09 February 2018 - 01:31 PM

Another test of the low this week, month, and year S&P 2540



#6 dTraderB

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Posted 09 February 2018 - 01:32 PM

Roger, looks like it broke below the box, where next?



#7 dTraderB

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Posted 09 February 2018 - 01:34 PM

VIX at 39

VXX at 55.6



#8 dTraderB

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Posted 09 February 2018 - 01:35 PM

A bounce off 2540 can be a very strong one. 
But, going long over the weekend?