23 replies to this topic

[dTraderB]

Still see this as a pullback from the violent reversal yesterday

[slupert]

Slupert
There could also be a triple top?

 

 

 Look at the bollinger bands, , see how previous sell offs touch or even pierce the lower bollinger band? We haven't even  broken yesterdays bottom as of the time I am writing this, and have a long way to go before sellers can push it to the bottom. If this pattern holds, you'll see the bulls jump on the opportunity. (JMHO)    http://schrts.co/i6WGW7

[dTraderB]

Busy, really good range and trendy action.

 

October & November continued into December -- that appears to be more of a bear market than a mere correction.

Serious decline here, could go all the way to SPX 2580

 

I am still looking at this as a buyers' remorse drop from yesterday but a new December daily low AND close will 

be very bearish and change my opinion.

 

Lots of talk not about the China/US situation but about Mueller probe and what may be entered into the court matter this 

afternoon or evening, maybe after the close. That could cause serious damage to the market or it could be no big deal; the former seems to be most likely.

 

Will buy more QQQ FEB calls  if  QQQ trades below 160

[dTraderB]

Death cross in place, 50ma now 4 SPX points below 200ma

 

and SPX testing yesterday's low..