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Summer rally

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#1 tommyt



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Posted 06 July 2018 - 11:26 AM

After dropping down into the SPX buy window of 2665-2700, it turned and should rally up to the 2785-2800 zone into the big earnings period coming by mid month and expo. After that we get the usual vol scare and some fun trading:



Edited by tommyt, 06 July 2018 - 11:35 AM.

#2 LMF



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Posted 07 July 2018 - 10:35 AM

No doubt this rally is still pure crap.......for a while I've been using a stack of 200 period moving averages to gauge it:  15 min, 30 min, 60 min. 

And the 15 better be the highest or the rally is total garbage waiting to deflate.  Then 30 min, and 60 min at the bottom.  TQQQ has the 15 min 200 nearly 2 full points below the 30 and 60 min right now.  A sizeable rotting trash heap it is.......