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Possible reversal here


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#1 CLK

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Posted 21 May 2019 - 03:11 PM

tvc_7dad841339c7d870843fa72ebc3b2527.png

 

 

 

This market is not as bullish as it may seem.


Edited by CLK, 21 May 2019 - 03:12 PM.


#2 OEXCHAOS

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Posted 21 May 2019 - 03:13 PM

I was looking at this market last night and thought, were the charts not in a down trend, I'd have exactly ZERO interest in selling this thing. 

I can't call the correction over, but it's probably pretty close to.

 

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#3 tsharp

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Posted 21 May 2019 - 06:10 PM

I was looking at this market last night and thought, were the charts not in a down trend, I'd have exactly ZERO interest in selling this thing. 

I can't call the correction over, but it's probably pretty close to.

 

M

 

My momentum work reversed back to long in last night's globex... I think it's upward from here in a c-wave (three waves) of an EDT in the ~3000 range... twt.

 

SP00-240-5-21-19-2.jpg



#4 CLK

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Posted 21 May 2019 - 09:35 PM

This is the slowest decline and reversal all year, may take until Sept. to hit that 3k.


Edited by CLK, 21 May 2019 - 09:36 PM.


#5 CLK

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Posted 22 May 2019 - 06:58 AM

https://invst.ly/auu7c



#6 CLK

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Posted 22 May 2019 - 09:22 AM

Closed most puts, now net long, waiting for July.  Looks like a failed break down.

 

 

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#7 tradesurfer

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Posted 22 May 2019 - 10:08 AM

i see small head and shoulder tops on DAX, UK100, CAC40

 

brexit and european elections may start to sink us



#8 CLK

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Posted 22 May 2019 - 01:38 PM

Weekly looks ugly here.   Also, the VIX is dropping but the market is not moving up.

 

 

https://invst.ly/auzco


Edited by CLK, 22 May 2019 - 01:39 PM.


#9 CLK

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Posted 23 May 2019 - 05:16 AM

Weekly looks ugly here.   Also, the VIX is dropping but the market is not moving up.

 

 

https://invst.ly/auzco

 

 

https://invst.ly/av60l



#10 tsharp

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Posted 23 May 2019 - 08:28 AM

FWIW, my momentum model reversed back to short at the regular session close yesterday...

 

SP00-240-5-22-19-signal-1.jpg

 

 

SP00-240-5-23-19.jpg