23 replies to this topic

[diogenes227]

From the link:

 

 

I was going to write a detailed analysis of why I think the general market (SPY, QQQ) takes at least a dip Thursday but I’m kind of tired.

 

So suffice it to say, the Nasdaq Composite is up seven days in a row, and SPY, except for a brief pause a few days ago, the same. My Nifty-50 stocks have gone from 40 on sells at the beginning of the rally up to 41 on buys Monday and are now rolling over. A lot of the stocks have been sluggish since that peak three days ago.

 

There is more and a chart:

 

SWING TRADING

[slupert]

Thanks, always appreciate your input.

[SemiBizz]

So... Triple Top RUT at 1708 is in PROXIMITY -  odds for test.

 

SPX also in PROXIMITY of ALL TIME HIGH at 2872 - odds for test.

 

New Moon/Solar Eclipse 8/11

 

Cycles are right-translated, still BULLISH.

 

NR7s on indices a couple days back, so a WIDE RANGE DAY is in the forecast...

 

I hope you haven't run out of popcorn...

 

Edited by SemiBizz, 09 August 2018 - 09:25 AM.

[K Wave]

Took a quick 20 on the upside on NQ this AM, but at this point I refuse to be long above 7500.

 

Any move back below 182 on QQQ, and I will start aggressively shorting....getting into dangerous time of year, and this thing acting tired up here...

 

VIX may give first clues of reversal....

 

IF bears unable to reverse it today, then bulls may have more juice left....that huge battle zone around 7475 on NQ over last couple days looks very key now.

 

Sitting on my hands for now....

[slupert]

http://schrts.co/yfR1pj

[SemiBizz]

So I keep a "Trump Rally" channel markup on my Nasdaq chart...

 

There's one more thing going on here...

 

This is the third try to break north of the LOWER UPTREND LINE originally broken in February

 

The potential of all time highs to the upside is enormous if it break over that LUL and hold...

 

But if it breaks down... finally... it goes under 7000.... 7920ish here... ALL TIME HIGH 7938.

Edited by SemiBizz, 09 August 2018 - 09:52 AM.

[SemiBizz]

Here's the chart:

(looks more like 4th try)

If you look closely you will see a thin red line marking the target under 7000 

 

Edited by SemiBizz, 09 August 2018 - 10:08 AM.

[diogenes227]

Up. Down. Sideways. Sideways, Sideways. Ten minutes at a time.

 

[SemiBizz]

And the resolution of that activity... UP...

 

So the bar has to be set high now to believe any pullback...

[libertas]

All is under the control of the vol sellers whose shorts are now at a 2018 high. Risk parity funds take their cue from them and buy FAANG.