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#1 Bearearns

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Posted 17 January 2019 - 01:34 AM

Today's top in the market should stick, which means my 2800 scenario is off. This should lead to lows just below 2200 SPX. Recent confusion in the market is simply the market at the finest it can be. I do not expect tomorrow to be much of anything, likely a morning rally from 2597-2602 towards 2615. I expect a slow tape. I will be shorting tomorrow likely in the afternoon with a stop being hard at days end. 

 

 

Daily look

 

spx%2Bweekly.png

 

 

On Longer term basis 

spx%2Bbroken.PNG


Edited by Bearearns, 17 January 2019 - 01:34 AM.


#2 Bearearns

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Posted 17 January 2019 - 09:37 AM

Sold 2611 and shorted 2612

#3 Bearearns

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Posted 17 January 2019 - 10:02 AM

Covered half 2616, I think likely we see 2626ish later today

#4 Bearearns

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Posted 17 January 2019 - 10:10 AM

Reshorted full 2614. Just gonna let gyrations girate

#5 Bearearns

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Posted 17 January 2019 - 09:35 PM

Feel like constant repeat but this should be it...... The pattern from yesterday allows for a retest or temporary breakout, it closed a bit higher than I thought so I needed to examine how that impacts the picture, but the action was bearish from 2645.5 and so I am thinking market will finally follow through.

 

spx30min.PNG



#6 alexnewbee

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Posted 18 January 2019 - 05:53 AM

Reshorted full 2614. Just gonna let gyrations girate

Thks. So you are holding for 30 points loss?


"we do G.d's work" Lloyd Blankfein

#7 Waver

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Posted 18 January 2019 - 08:44 AM

Price and Breadth momentum is Strong.
Hard to initiate and/or hold shorts during this time.

#8 Bearearns

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Posted 18 January 2019 - 10:21 AM

Stopped out in morning