Jump to content



Photo

ST Cycle Down and IT Cycle also Turning


  • Please log in to reply
5 replies to this topic

#1 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

Posted 18 February 2020 - 11:25 AM

ST cycle started turning down last Thursday and it's confirmed now ............


Edited by redfoliage2, 18 February 2020 - 11:26 AM.


#2 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

Posted 18 February 2020 - 12:12 PM

Just a wake up call:

https://www.zerohedg...uctor-suppliers

 

As this is almost at the end of the current reporting season and most of the companies have already reported we should expect the virus-effects to be reported in their next reports.

This market has been way too complacent ..............................


Edited by redfoliage2, 18 February 2020 - 12:14 PM.


#3 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

Posted 19 February 2020 - 09:39 AM

It looks that naked manipulations going on rampant overnight with index futures.  Right now this market has no investment values and only good for ST trading .......


Edited by redfoliage2, 19 February 2020 - 09:40 AM.


#4 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

Posted 20 February 2020 - 01:21 PM

They don't know anything else but rigging, rigging and rigging with the monetary support from the Fed.  So I'd not be surprised at all if they send the market into new highs tomorrow  .......................


Edited by redfoliage2, 20 February 2020 - 01:23 PM.


#5 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

Posted 20 February 2020 - 03:40 PM

If they are able to close SPX above the 10 dma.  I bet they will gap it up tomorrow ..............


Edited by redfoliage2, 20 February 2020 - 03:47 PM.


#6 tsharp

tsharp

    Member

  • Traders-Talk User
  • 1,487 posts

Posted 20 February 2020 - 06:24 PM

If they are able to close SPX above the 10 dma.  I bet they will gap it up tomorrow ..............

 

From my perspective, today ended a running b-wave, and tomorrow will be a strongly trending downward day, likely ending near the lows.