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#1 zoropb

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Posted 15 November 2018 - 08:53 AM

Good morning all.

 

Looks south.  If overnight highs hold then today could be a larger move than usual. 

If the stretch is on then the target area is larger so I am looking at 2653 +-6.5

 

Will adjust as we go. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 12SPX

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Posted 15 November 2018 - 09:12 AM

Hmmmm not sure think thats a little low but always love your morning comments!



#3 tradesurfer

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Posted 15 November 2018 - 09:12 AM

I see a possible bearish MACD crossover today in the SPX

 

In 1987 this occurred on October 8th

 

In 1929 this occurred on October 18th

 

7 full trading days AFTER the Macd cross from the above dates was end of max selling.

 

6 and 1/2 trading days from today would put us on the Monday after Thanksgiving weekend November 26


Edited by tradesurfer, 15 November 2018 - 09:13 AM.


#4 zoropb

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Posted 15 November 2018 - 09:41 AM

yeah 12 normally I would of said 2665+-6.5  but think they may extended a little later

 

TS most interesting thank you bud. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#5 12SPX

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Posted 15 November 2018 - 09:44 AM

I see a possible bearish MACD crossover today in the SPX

 

In 1987 this occurred on October 8th

 

In 1929 this occurred on October 18th

 

7 full trading days AFTER the Macd cross from the above dates was end of max selling.

 

6 and 1/2 trading days from today would put us on the Monday after Thanksgiving weekend November 26

Interesting!!!  



#6 SemiBizz

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Posted 15 November 2018 - 09:46 AM

.... SPX 2691 here


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#7 K Wave

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Posted 15 November 2018 - 09:50 AM

Opening 15 min bullish engulfing on SOX...

 

Bears usually don't get to far when Red Sox are not playing...but if they were to take out that opening low.....

 

Trannies at critical spot here. If that opening candle holds, and they can climb back out over 10,400 again, then bear may be outta bullets..

 

But if that open gets taken out, then air gap abyss opens....

 

Either way, this likely turns into trend type day today, after the wild gyrations of yesterday...


Edited by K Wave, 15 November 2018 - 09:51 AM.

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

 

 


#8 redfoliage2

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Posted 15 November 2018 - 09:54 AM

With both underneath gaps filled (see SPX daily) now there is a good chance for a bounce or even a reversal from here ...................


Edited by redfoliage2, 15 November 2018 - 10:04 AM.


#9 K Wave

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Posted 15 November 2018 - 09:55 AM

VIX still holding up well, so no sign yet of weakness in bear offense there..

 

But if that starts to reverse, along with Tran and SOX keep rising.....


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

 

 


#10 redfoliage2

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Posted 15 November 2018 - 09:58 AM

VIX still holding up well, so no sign yet of weakness in bear offense there..

 

But if that starts to reverse, along with Tran and SOX keep rising.....

VIX usually drops big on Fridays..........