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50ma/200ma SPX Death Cross - half a point away, time to BUY?


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#1 dTraderB

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Posted 06 December 2018 - 11:30 AM

47579552_10156467544120783_4039425933118



#2 dTraderB

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Posted 06 December 2018 - 11:31 AM

blue 50ma

yellow 200ma



#3 dTraderB

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Posted 06 December 2018 - 11:32 AM

bounce in progress, how high?

 

Should see another test of SPX 2620 later or after NFP jobs report tomorrow



#4 beta

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Posted 06 December 2018 - 11:48 AM

AM gap.  Q 165


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#5 dTraderB

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Posted 06 December 2018 - 12:02 PM

Looks like a ST low in place but... let's see how far down the next selling spike is 



#6 dTraderB

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Posted 06 December 2018 - 12:27 PM

Powerful bullish thrust on the SPX hourly

Not saying this leg down is over but you got to go with the market

 

 

47450863_1181256912012725_94519410137078


Edited by dTraderB, 06 December 2018 - 12:27 PM.


#7 trioderob

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Posted 06 December 2018 - 12:35 PM

very good news about China deal being oeverlooked today because of the Huawei arrest.

 

Chinese financial minster wants to impliment changes from dinner immediatly 



#8 dTraderB

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Posted 06 December 2018 - 02:10 PM

another green hourly SPX candle

bounced 20 points from the low in previous hourly candle

 

bullishly constructive, so far



#9 dTraderB

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Posted 06 December 2018 - 03:04 PM

That's the ST low for this leg down, unless it tanks during the last hour.

 

How high will it bounce? First target is SPX 2697; if it can't get there then it is back don to 2600 and possibly to the 2018 lows.

 



#10 beta

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Posted 06 December 2018 - 03:29 PM

1% bounce.  Bear is resting.   


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