31 replies to this topic

[dTraderB]

Enjoying this market today, up & down, SHORT and LONG, with just enough range to trade 4-lot NQ positions  (2-1-1)

 

But, I am noticing more selling and it smells bearish:

 

IF SPX closes down today (below Friday's close) then the Great Bull Market is over and the Bear is back in town for an extended period.

 

IF SPX closes more than 1% below today's high then the markets will resume downtrend that was persistent in October & November. 

[RagingSpartan]

The crash window closed weeks ago. I don't see any large moves in the short term. Lots of chop both up and down. But, make no mistake, we are in a bear market. Supply and demand is pointing south. Patience is required.

[zoropb]

DB wanted to first thank you for your post I enjoy them very much. 

 

 

I was sitting here thinking about what would be a real nasty move.  To leave the gap open and rally into Thursday when powel reverses the words, afer seeing the market rocket up.  We probably would see something pretty amazing and rare.  Going a bit south.  I doubt that the bad part would not happen until January but who knows. 

 

It would not surprise me to see es close right about where we did in Nov. around the 2756  area.  Hard to imagine not getting over the 2818 even briefly but again who knows.

Edited by zoropb, 03 December 2018 - 02:26 PM.

[blustar]

My cycle/wave work says today is a top.  Lower into Dec 14

[qqqqtrdr]

I have my cycle wave at a top also, but we shall see, it is one of many signals, and I believe due to all the bearishness out there downside is limited...

 

Barry

[dTraderB]

DB wanted to first thank you for your post I enjoy them very much. 

 

 

I was sitting here thinking about what would be a real nasty move.  To leave the gap open and rally into Thursday when powel reverses the words, afer seeing the market rocket up.  We probably would see something pretty amazing and rare.  Going a bit south.  I doubt that the bad part would not happen until January but who knows. 

 

It would not surprise me to see es close right about where we did in Nov. around the 2756  area.  Hard to imagine not getting over the 2818 even briefly but again who knows.

 

 

Thanks, Z, I learn a lot from your posts, during the past many years.

 

When a market does not go up on two very bullish piece of news then one has to wonder if it does not want to go up and the easiest path is down

 

Also, the selling today does not look like retail traders

 

And, the algo traders usually buy the intraday dips but have they programmed it now to sell the intraday rallies?

 

Of course, all this could be mere speculation and the market may be resting for a a session or two before resuming last week's rally

Edited by dTraderB, 03 December 2018 - 03:29 PM.

[da_cheif]

u guys   lol      watch the sky eh

[Rich]

I expect we will close higher tomorrow (Tuesday).

 

Rich

[redfoliage2]

The Doji candlestick on the SPX daily not looking good for tomorrow...............

[dTraderB]

Great Consternation in the BOND world:
 

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