Still see this as a pullback from the violent reversal yesterday
BULLISH seasonality returns
#21
Posted 07 December 2018 - 11:53 AM
#22
Posted 07 December 2018 - 01:58 PM
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
#23
Posted 07 December 2018 - 02:19 PM
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
#24
Posted 07 December 2018 - 03:05 PM
Death cross in place, 50ma now 4 SPX points below 200ma
and SPX testing yesterday's low..