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PULL-BACK morph into REVERSAL? or BULLS resume rally?


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#1 dTraderB

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Posted 20 April 2018 - 08:17 AM

So, here we are at a critical phase where the shallow pull-back can be transformed into a full-blown reversal down to 2600 or lower, or will the BULLS regain control to resume the rally ?

Watch BOND YIELD (10-yr has risen to challenge recent highs at 2.95%), and also the financial sector, and important SPX levels at 2680 and 2710

Wednesday's daily candle ....look at that



#2 K Wave

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Posted 20 April 2018 - 08:41 AM

Crapple is finished...

 

You want to fight against that huge market cap??


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 20 April 2018 - 09:03 AM

Still need AMZN to crack before any recognition panic sets in....

 

They holding it up for John Q while while gettin' the hell outta dodge...AAPL IBM etc...


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

 

 


#4 EliottWave5

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Posted 20 April 2018 - 09:40 AM

Small caps turned green 

 

Throughout the swings they've led the way and have been a pretty solid signal for me.

 

Holding my longs.  IMO, path of least resistance is up.  


Edited by EliottWave5, 20 April 2018 - 09:41 AM.


#5 dTraderB

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Posted 20 April 2018 - 09:43 AM

Still think there will be a rally to above 2720 but bulls have to hold the line at 2680 or else this WILL GET REAL UGLY on a Friday afternoon....


Edited by dTraderB, 20 April 2018 - 09:44 AM.


#6 dTraderB

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Posted 20 April 2018 - 09:47 AM

NQ 6820 is my critical level: below that is sell, above buy

 

Rumors about APPLE's iPhone sales not as good as expected



#7 K Wave

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Posted 20 April 2018 - 11:18 AM

Now down 100 on NQ since the beeeuuutiful hourly 900 back test at NQ 6780...

 

IF...AAPL takes out Mar-April low pivot at 165, could get obscenely ugly later today....


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

 

 


#8 dTraderB

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Posted 20 April 2018 - 11:24 AM

Apple tanking.....

6 consecutive RED hourly NQ candles



#9 dTraderB

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Posted 20 April 2018 - 11:36 AM

It has morphed: it is now a reversal

 

20ma 2645

50ma 2686

100ma 2703