35 replies to this topic

[CLK]

This is a buy right here at 3372 ES.

 

 

That buy required no stop to survive down to 3361, still looking for 3390 today.

Edited by CLK, 18 February 2020 - 09:19 AM.

[redfoliage2]

With the major indices priced about 2x standard deviation over 50 ma and 3x 200ma it's time for an inventory recycle, so expect a real correction ...............

Edited by redfoliage2, 18 February 2020 - 09:25 AM.

[CLK]

 

This is a buy right here at 3372 ES.

 

 

That buy required no stop to survive down to 3361, still looking for 3390 today.

 

 

https://invst.ly/pw5ew

[redfoliage2]

 

 

This is a buy right here at 3372 ES.

 

 

That buy required no stop to survive down to 3361, still looking for 3390 today.

 

 

https://invst.ly/pw5ew

 

 

I see the previous ST support 3372 - 73 area now very likely becomes a resistance.  New ST support 3350 then 3305............

Edited by redfoliage2, 18 February 2020 - 09:32 AM.

[CLK]

Pros are buying the manipulated discount.

[CLK]

The sentiment on forums is about 9 to 1 bears, every dip is a call for a crash or big correction.

[redfoliage2]

With the reporting season ended expect insiders selling to pick up from here, but expect reduced buybacks due to the current over-pricing (don't think those CFOs are fools) ..............

Edited by redfoliage2, 18 February 2020 - 10:35 AM.

[CLK]

MACD crossover retest is out of the way now.

[CLK]

NQ is strong today, they are going to run stops on ES traders first again. Look higher into the close.

 

 

https://invst.ly/pw73j

 

 

 

And the Dow is leading on the downside, how does that work out?

Edited by CLK, 18 February 2020 - 11:14 AM.

[CLK]

This is a buy right here at 3372 ES.

 

 

Went to cash at 3387 from 3372 for +15, from down -11 with no stop.

 

Outside the bands here, probably more upside but you have to pick spots to take profit.

Edited by CLK, 19 February 2020 - 11:03 AM.