Jump to content



Photo

Crash Update


  • Please log in to reply
1 reply to this topic

#1 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 449 posts

Posted 26 October 2018 - 03:41 PM

Feb lows will have to wait until next week.

#2 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,077 posts

Posted 26 October 2018 - 05:26 PM

Nice persistent calls.... hats off to you...

 

Today was supposed to be tape action capitulation ???  Certainly does not look that way based on the tape or the candlesticks.

 

Daily RSI is once again PERCHED right at the 30 zone.  Under the 30 zone leads to huge capitulation moves where it seems like there is no bottom.

 

Also volume today on the SPY is surging.

 

today was a doji candle which could mean that now we are only HALF way of this expected move ?  That means 2400 could be the expected low.

 

This looks like a waterfall price action