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Gap down tomorrow and red bar to setup Monday October 1st ?


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#1 tradesurfer

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Posted 27 September 2018 - 05:15 PM

It would coincide with a break of up trend line since July in spx

A close near 2896 tomorrow would create a September monthly doji

The doji in this case would be the reversal signal followed by almost immediately confirmation ie. October 1 and 2 heavy selling

And then setup possibility of 'best friend sell' where you get immediate hard down price action in new monthly october bar

Edited by tradesurfer, 27 September 2018 - 05:25 PM.


#2 alexnewbee

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Posted 28 September 2018 - 01:58 AM

Si


"we do G.d's work" Lloyd Blankfein

#3 tradesurfer

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Posted 28 September 2018 - 07:54 AM

Trend line about to crack.  Look for a 20/20 red bar down today.  Sets up a plunge Monday and then possible turn around Tuesday.

 

Not sure about total % maybe 3 to 6% ?



#4 tradesurfer

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Posted 28 September 2018 - 07:55 AM

VIX Weekly morphing into a best friend BUY into next week.  Huge trades developing here guys



#5 redfoliage2

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Posted 28 September 2018 - 07:59 AM

Today is the end of quarter and also the end of fiscal year for some funds.  Expect selling to go thru the whole day, especially in the late afternoon.............


Edited by redfoliage2, 28 September 2018 - 08:04 AM.


#6 Waver

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Posted 28 September 2018 - 08:58 AM

what is a 20/20 red bar?



#7 PrintFaster

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Posted 28 September 2018 - 09:33 AM

Top funds scrambling to buy NVDA so they can show outsized position on Sept 30 statement print

 



#8 tsharp

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Posted 28 September 2018 - 09:46 AM

I looked at Nvidia recently and it's bullish...

 

From my IG post  @milehighstrategies

 

NVIDIA - another tech stock from last week was NVDA - Nvidia is a chip designer to the semi conductor industry. 

Due to how explosive the price rise has been over the past two years, this is the log-scale weekly chart...

Note how long negative divergence of price versus momentum has been going, yet the price high has not yet been reached.

 

 

NVDA_W_9.20.18.jpg



#9 NAV

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Posted 28 September 2018 - 10:33 AM

It would coincide with a break of up trend line since July in spx

A close near 2896 tomorrow would create a September monthly doji

The doji in this case would be the reversal signal followed by almost immediately confirmation ie. October 1 and 2 heavy selling

And then setup possibility of 'best friend sell' where you get immediate hard down price action in new monthly october bar

 

You jinxed it laugh.png


"It's not the knowing that is difficult, but the doing"

 

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