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ST short, IT short, was that a swing low?


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#1 dTraderB

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Posted 07 September 2018 - 06:28 AM

Updated EXIT stops:

ST short: SPX 2881.5

IT short SPX 2887 

 

SPX closed just below the important 2880 level but was that an IT or ST swing low made today @ SPX 2867.3 ??

 

Crash Window still open but time running out for the bears. 

 

Am still partly short.  

 

 

 



#2 K Wave

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Posted 07 September 2018 - 09:00 AM

NQ 7400 held (for now) after the last great thrust up ran out of gas...

 

Once this bounce is over, and 7400 gets taken out...then bears have their best shot in a long time at doing some real damage....


Edited by K Wave, 07 September 2018 - 09:00 AM.


#3 K Wave

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Posted 07 September 2018 - 09:05 AM

am guessing AAPL can struggle along until the Sep 12 reveal...

 

Once 220 gets taken out now, the big rollover should begin....



#4 redfoliage2

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Posted 07 September 2018 - 09:41 AM

This market has entered a correction and it's about half way done.  Target around SPX 2800 - 2830 assuming no black swan events.............


Edited by redfoliage2, 07 September 2018 - 09:48 AM.


#5 dTraderB

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Posted 07 September 2018 - 10:07 AM

I also think so but am not seeing the selling pressure, as yet, to reach the 2800 target

 

Must close below SPX 2880 today to maintain the down move.



#6 dTraderB

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Posted 07 September 2018 - 03:04 PM

SPX held up pretty good but NQ looks weak. 

 

SPX closed lower, approaching 2855 important level but this hasn't been one of those motivated declines that shows determination and follow through.

 

Still, the bears hold the edge, over the weekend.


Edited by dTraderB, 07 September 2018 - 03:05 PM.