We close below 2,604 today...it is over IT and next level will be 2,505.
Remember, margin debt, this could go very fast.
2,604...line in the sand
Started by
kinga200
, May 03 2018 12:05 PM
2 replies to this topic
#2
kinga200
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- TT Member+
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Posted 04 May 2018 - 02:10 AM
I think the Bulls lost here. We close at 2,604 or below tomorrow. That will do it.
This is distribution. And like the top in 2000 & 2007 then subsequent distribution. joe six won't know what hit him.
This is distribution. And like the top in 2000 & 2007 then subsequent distribution. joe six won't know what hit him.
#3
Waver
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- Traders-Talk User
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Posted 04 May 2018 - 05:15 AM
I am starting to believe it too.
I am a big believer in breadth leads and breadth has been good. Cumulative breadth just made an all time high a few weeks ago. However I have learned to respect price. And price is simply not rising and it has been in a downtrend.
I have decided only trade once the market has broken out above the downtrend line or broken below the uptrend line from the supposed triangle.
I am a big believer in breadth leads and breadth has been good. Cumulative breadth just made an all time high a few weeks ago. However I have learned to respect price. And price is simply not rising and it has been in a downtrend.
I have decided only trade once the market has broken out above the downtrend line or broken below the uptrend line from the supposed triangle.
