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#1 tommyt

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Posted 11 February 2020 - 11:12 AM

Have most given into the Fed and the notion that we are never going down again??? it sure feels that way, dangerous waters ahead.


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#2 OEXCHAOS

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Posted 11 February 2020 - 12:41 PM

I note that the Bears come ROARING back on almost any weakness. That's part of the fuel for the rally. The Bulls, while there were (at the high a couple weeks ago) a lot of them, are pretty timid, especially the amateurs.

 

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#3 redfoliage2

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Posted 11 February 2020 - 01:47 PM

ST target SPX 3385 ...............


Edited by redfoliage2, 11 February 2020 - 01:54 PM.


#4 LMF

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Posted 11 February 2020 - 02:26 PM

The main thing is the bulls know what theyre doing based the 60 minute wave structure that keeps going higher and higher. All the bears can manage is filling the gaps on the 60 minute chart.......like table scraps.

#5 LMF

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Posted 11 February 2020 - 02:48 PM

Bears are also flying blind based on where the VIX is at today.......below the 200 day MA again. The overhead gap to 17.10 is going to have to wait......

#6 tommyt

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Posted 11 February 2020 - 02:54 PM

Bears have to scalp tiny scraps, like you say, or there is nothing. When a real sell comes most of them will have gotten their scraps and leave the meat on the bone.


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#7 blustar

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Posted 11 February 2020 - 03:06 PM

Have most given into the Fed and the notion that we are never going down again??? it sure feels that way, dangerous waters ahead.

I'm looking for an 'a' wave gap down Wednesday to near 3338/40 SPX then a 'b' wave rally into early Thursday, 'c' down into early Friday then a large rally into next week to new highs possible



#8 redfoliage2

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Posted 11 February 2020 - 03:24 PM

The main thing is the bulls know what theyre doing based the 60 minute wave structure that keeps going higher and higher. All the bears can manage is filling the gaps on the 60 minute chart.......like table scraps.

The gap from the open just got filled and let's see the bulls can push up from here.  If they fail then this is the end for the ST cycle up ...........


Edited by redfoliage2, 11 February 2020 - 03:28 PM.


#9 redfoliage2

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Posted 11 February 2020 - 03:59 PM

 

The main thing is the bulls know what theyre doing based the 60 minute wave structure that keeps going higher and higher. All the bears can manage is filling the gaps on the 60 minute chart.......like table scraps.

The gap from the open just got filled and let's see the bulls can push up from here.  If they fail then this is the end for the ST cycle up ...........

 

They must push SPX above 3360 before the close.............



#10 12SPX

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Posted 12 February 2020 - 09:19 AM

 

Have most given into the Fed and the notion that we are never going down again??? it sure feels that way, dangerous waters ahead.

I'm looking for an 'a' wave gap down Wednesday to near 3338/40 SPX then a 'b' wave rally into early Thursday, 'c' down into early Friday then a large rally into next week to new highs possible

 

Oops lol!!  Although we still have the rest of the day, yesterday's start lost most of the gains, it is WWW!!