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SPX Failed at the Resistance


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#1 redfoliage2

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Posted 25 February 2019 - 04:16 PM

Unable to get over the horizontal resistance at 2813 - 15 area; it even failed 2800 line by the close today.   It turned into ST bearish and it may morph into an IT top here..............


Edited by redfoliage2, 25 February 2019 - 04:18 PM.


#2 robo

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Posted 25 February 2019 - 05:04 PM

If it does it will be try number 4 and a lower high  Waiting for the DMAs to fail or?  We shall see, but still in a Bullish alignment....  The trend remains up for now....

 

Lots of gaps that will get filled in my opinion.... Staying nimble and just watching....

 

https://stockcharts....00c&a=648358915

 

https://stockcharts....35c&a=648136050

 

Good Trading!

 

Add up the S&P type indexes that continue to be sold.....  Looking for a DCL in the days ahead even if it's a mild one....

 

http://www.wsj.com/m...-moneyflow.html


Edited by robo, 25 February 2019 - 05:11 PM.


#3 tsharp

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Posted 25 February 2019 - 06:14 PM

Unable to get over the horizontal resistance at 2813 - 15 area; it even failed 2800 line by the close today.   It turned into ST bearish and it may morph into an IT top here..............

 

No IT top here... the IT bottom was in December... this is an ST top, pullback to ~2650, then back upward to new ATHs.

 

https://www.cnbc.com...cnbcembedplayer

 

 

SPX-D-2-22-19.jpg



#4 robo

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Posted 25 February 2019 - 07:41 PM

It looks good on paper Brother....  Waiting to see how it plays out....



#5 12SPX

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Posted 26 February 2019 - 08:51 AM

 

Unable to get over the horizontal resistance at 2813 - 15 area; it even failed 2800 line by the close today.   It turned into ST bearish and it may morph into an IT top here..............

 

No IT top here... the IT bottom was in December... this is an ST top, pullback to ~2650, then back upward to new ATHs.

 

https://www.cnbc.com...cnbcembedplayer

 

 

SPX-D-2-22-19.jpg

 

Does look great on paper for a normal market so agree Robo but of course so far this market is showing me its irrational so ya we'll see!!



#6 redfoliage2

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Posted 27 February 2019 - 10:16 AM

Expect a negative NYMO by the close today................



#7 redfoliage2

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Posted 27 February 2019 - 11:23 AM

The long overdue correction finally started..................