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Stunning reversal as Bulls came back from the dead ....can shocked bears recover?


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#41 tradesurfer

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Posted 24 October 2018 - 12:09 PM

Going FULL short now, all hands.... I smell blood

 

Get ready for *TILT mode


Edited by tradesurfer, 24 October 2018 - 12:15 PM.


#42 dTraderB

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Posted 24 October 2018 - 12:16 PM

letting it run down..... 

trail stop 5 points 



#43 dTraderB

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Posted 24 October 2018 - 12:18 PM

Going FULL short now, all hands.... I smell blood

 

Get ready for *TILT mode

yeah, looks like many bulls are running for cover.

 

But both SPX and NQ are in the zone where they came in to buy, the ones with deep pockets 



#44 tradesurfer

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Posted 24 October 2018 - 12:19 PM

Note that RSI at 70 level on the VIX and RSI 30 level on the SPX  There are defining zones.

 

Above or below them lead to massive spike moves

 

Today Wednesday

 

Question is do we full hard down into Friday and Flush on Monday or something different.



#45 dTraderB

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Posted 24 October 2018 - 12:38 PM

This here is now the most important battle since February!

 

Bulls have to hold here or the bears will crash it!



#46 dTraderB

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Posted 24 October 2018 - 12:39 PM

There wil be several attempts near the lows, around here ES 2690/2700 and NQ 6950/75



#47 RagingSpartan

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Posted 24 October 2018 - 12:49 PM

Small and mid caps have been sending a message where we are headed.

#48 dTraderB

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Posted 24 October 2018 - 01:04 PM

Closed half of this NQ short, trail stop 4 points, not flushing down, slow.... but still down... 

 

in the red danger zone for bulls.



#49 K Wave

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Posted 24 October 2018 - 01:08 PM

And there goes the bottom of that big reversal candle on QQQ........


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#50 K Wave

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Posted 24 October 2018 - 01:09 PM

In order to "crash", likely need AAPL to break 217 again....that could start the elephant stampede for the door....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy