26 replies to this topic

[redfoliage2]

VST Bearish;

ST Neutral.

[redfoliage2]

let's see by the close if SPX can hold 2900.  I see more selling in the afternoon after the European markets have closed................

Edited by redfoliage2, 17 September 2018 - 08:45 AM.

[redfoliage2]

If 2900 holds by the close today I see it's a sign of market strength and the week will be an up week.  Otherwise the OpEx bullishness may not work this week..............

[redfoliage2]

Update

VST just turned into Neutral from bearish.............

[redfoliage2]

it looks that this market refuses to go down even with all the "bad news".  There probably will be a big relief rally if the tariffs are implemented in the next couple of days............

[redfoliage2]

VST back into bearish mode..........

[redfoliage2]

maybe finally the trade war is going to kill the bull................

[redfoliage2]

Now time for a big gap down ............

[tsharp]

This is another less bearish way to look at things...

 

[K Wave]

This is another less bearish way to look at things...

 

And that is why I am short NQ and not ES...look at the 240 min NQ...

 

I am reasonably confident that the breach of the hourly 900 MA on NQ today, after a massive amount of work done being there last week, is harbinger of doom...

It bounced off the 900, and then launched a final, feeble attempt to keep the bull alive into the AAPL show, as expected.

And now the breach is most likely the signal for potentially large swing decline just getting underway...

 

If NQ climbs back above the hourly 900 and AAPL back above 220, I would probably temper my bearish stance....but for now, I intend to remain aggressively short, as the hourly 900 MA just now starts to roll over with price now below it.

Perhaps one last little bounce to back kiss the underneath side of the hourly 900, now at about 7480, and then we see if the bears can can start to finally do some real damage, and start the cascade of time frames.....