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Important day for the Bears: Show your stuff or else Up again!


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#1 dTraderB

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Posted 09 October 2018 - 07:37 AM

Every day in the market is important, even dull & low-range days are important in the analysis of the overall sentiment and averages etc. 

 

Today is an even more important day, especially for the bears. If they can't press home the advantage then the decline is over, for now and the bulls will become energize and take it up up up....

 

I am still not seeing significant capitulation from the bulls and dip buying is still quite popular, it seems. Look at the last 3 daily candles, no close at the bottom.....that's not enough capitulation to suggest there will be a concerted decline. 

 

In other words, there is still not a lot of blood in the streets, this is still a pullback, and unless the bears can take down to close below SPX 2860 on a daily basis.

 



#2 dTraderB

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Posted 09 October 2018 - 07:39 AM

CRASH WINDOW still open.

 

The Bears are out in full force:

70% Stock Market Crash to Strike November 1, Economist Warns

https://banyanhill.c...conomist-warns/



#3 redfoliage2

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Posted 09 October 2018 - 08:42 AM

Watch VIX as it jumped up again today..............



#4 dTraderB

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Posted 09 October 2018 - 08:45 AM

NQ up??



#5 Data

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Posted 09 October 2018 - 08:48 AM

Crowded VIX shorting is probably the best reason to expect a short sharp decline.

 

VIX inversion

 

Otherwise, it could be a slow decline interrupted by November's seasonality and share buybacks.   Some people are comparing this fall to last year while expecting a rally.   A big difference is the government wasn't issuing debt last year because of the debt ceiling.



#6 Data

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Posted 09 October 2018 - 09:57 AM

Very good read on the currency hedging's effects on US interest rates

 

http://www.atimes.co...begun-to-erupt/



#7 tsharp

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Posted 09 October 2018 - 01:43 PM

Depending on how the day ends, could be a CIT back to the long side... watching.

 

SP00_240_10.9.18.jpg

 

 

SP00_240_10.9.18-1.jpg



#8 redfoliage2

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Posted 09 October 2018 - 01:47 PM

It looks that the bounce is delayed, but a good bounce should come within the next two days.  But bulls could mount an attack in the last hour today as an inverted H&S developing on intra day SPX chart ....................


Edited by redfoliage2, 09 October 2018 - 01:56 PM.


#9 PrintFaster

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Posted 09 October 2018 - 03:03 PM

EEM still trading like death.  Bottom could drop out any time.

 

AMAT still in crash mode, the "Poster Child" for the V-shaped recovery touted by all the bullish analysts.

 



#10 dTraderB

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Posted 09 October 2018 - 04:29 PM

Want to buy a few chip stocks for my long term portfolio.

Micron? AMAT?