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#1 zoropb

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Posted 06 February 2019 - 05:35 PM

Level is:     6.75 / 3.50

 

Big move overdue.  South.


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


#2 zoropb

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Posted 07 February 2019 - 07:22 AM

  If we go much further down in the next few days below 2675 then a top may be in. If we turn up and make a new high then we will be going much higher down the road. 

 

We will be leaving a gap in cash. So don't stay too long at the south party for now. 

 

 

I think we are in the make or brake point up here. 


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


#3 relax

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Posted 07 February 2019 - 08:21 AM

summations will go flat today, so as you say make or brake point....will see which path they choose with the gap...if they deal with it right away or leave it..



#4 K Wave

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Posted 07 February 2019 - 08:22 AM

Yep, yesterday was one of those days where you had to be patient and hold short until the bulls expired....

 

Going to watching SOX here today to see if yesterday leaves a shooting star and it ends up back under 200 day today...

 

IF SOX does not reverse hard today, then could be possible sign of creek jump, and could be warning to bears longer term...

 

In the meantime, fully loaded short from yesterday and looking for hard down today, now that VST time frames have finally broken overnight



#5 K Wave

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Posted 07 February 2019 - 11:34 AM

So far so good....

 

No we see if Bears can reclaim the very pivotal 25K on YM....

 

If they do, could get very ugly indeed....


Edited by K Wave, 07 February 2019 - 11:34 AM.


#6 K Wave

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Posted 07 February 2019 - 11:35 AM

SOX complete reversal of yesterday's big gap up....



#7 K Wave

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Posted 07 February 2019 - 02:00 PM

Looks like potentially big back test pivot trying to be put in here on Trannies at 10200

 

If it holds, rest of day should be down....

 

IF not, then bears may have fumbled....


Edited by K Wave, 07 February 2019 - 02:00 PM.


#8 K Wave

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Posted 07 February 2019 - 04:06 PM

Bears could not take the big pivot zone today.....

 

See what tomorrow brings....