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Boy, I'm Glad I Didn't Sell!


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#11 K Wave

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Posted 02 January 2020 - 10:30 AM

Absolute carnage on RUT opening hour candle....


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

 

 


#12 K Wave

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Posted 02 January 2020 - 10:38 AM

UVXY still not reacting despite RUT carnage....if this starts to move up soon, could signal start of big pullback on SP


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

 

 


#13 K Wave

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Posted 02 January 2020 - 10:48 AM

That big red hourly stick on Trannies now looks huge. BIg pivot set this AM.

 

Until bulls can take that out, they are potentially in dangerous waters now....

 

But if bulls do manage to take it out, then Trannies could easily go into launch mode...

 

Thus far Trannies held right where they needed to on the pull back.

 

But with Fear/Greed at 96, probably not wise to overstay welcome if more signs of potential turn start to appear...


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

 

 


#14 blustar

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Posted 02 January 2020 - 11:43 AM

I see higher on SPX until Monday but could be sideways through Friday. 3272 my target.


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#15 K Wave

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Posted 02 January 2020 - 11:57 AM

Loos like key level for rest of today on UVXY is 12.60 now....back above that now could signify RUT is leading out the bear peloton....


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

 

 


#16 K Wave

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Posted 02 January 2020 - 11:58 AM

Meanwhile, Trannies trying to make at stand at back test of 10,900 area.

 

Below 10,900 would be first sign of trouble, and back below 10,880 could lead to disaster.

 

Moment of truth right about here...


Edited by K Wave, 02 January 2020 - 12:00 PM.

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

 

 


#17 blustar

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Posted 02 January 2020 - 12:04 PM

Back in Jan '18 we saw the same signs, so we are close, we just need the majors to have their final blow off


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#18 K Wave

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Posted 02 January 2020 - 12:50 PM

Trannies really struggling to get off the mat.....at RUT lies dead on the floor.

 

But still no bearish action in UVXY...

 

Interesting action here....


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

 

 


#19 da_cheif

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Posted 02 January 2020 - 01:29 PM

Back in Jan '18 we saw the same signs, so we are close, we just need the majors to have their final blow off

final???   lololol



#20 K Wave

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Posted 02 January 2020 - 01:54 PM

Trannies...oopsie...


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