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Confirming the Swing Top


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#1 redfoliage2

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Posted 06 January 2020 - 06:44 AM

Lets see if NYMO goes negative by the close today, which shall confirm the swing top. I see a 80% chance for it ........

#2 redfoliage2

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Posted 06 January 2020 - 10:25 AM

Can they get the opening gap filled before anything else?

Edited by redfoliage2, 06 January 2020 - 10:28 AM.


#3 LMF

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Posted 06 January 2020 - 08:54 PM

I keep track of washout closes on TQQQ, and the last one was way back on October 2 with a series of 4 in 7 trading days back then. The hardest part is getting a down wave to stick on the 60 min chart. Try to avoid something like May 2019.

#4 redfoliage2

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Posted 07 January 2020 - 09:36 AM

Thanks to the Dr. Feds emergency Repo shots yesterday and today the bulls days may last for a little longer. However, the market internals revealed typical maneuvering at a top for the last two days ......

Edited by redfoliage2, 07 January 2020 - 09:45 AM.


#5 K Wave

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Posted 07 January 2020 - 09:48 AM

Looking like the the H&S pattern that has been forming in YM/ES since the bears gave the bulls the middle finger formation on the 3rd may be starting to take hold here.....could be rough sledding for a few days if so....


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

 

 


#6 K Wave

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Posted 07 January 2020 - 11:00 AM

Looks like SOX and Trannies trying to lead way higher...let's see if they can get DOW/SPX/NYA green


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

 

 


#7 K Wave

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Posted 07 January 2020 - 11:34 AM

So far. not enough juice....watching 13910 area on NYA now...if bulls cant hold that level, this could still fall apart later today...


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 07 January 2020 - 02:49 PM

https://www.zerohedg...y-more-american



#9 redfoliage2

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Posted 07 January 2020 - 03:40 PM

My intraday NYMO is now negative. But even if it closes above zero today, the cycle is to go down .....

Edited by redfoliage2, 07 January 2020 - 03:44 PM.


#10 kinga200

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Posted 07 January 2020 - 04:28 PM

My intraday NYMO is now negative. But even if it closes above zero today, the cycle is to go down .....

Yep, we open lower in the AM