I'm calling bounce for Monday. Note the red doji's at low levels, you don't get many signals, but they pay.
Edited by CLK, 23 February 2020 - 01:57 AM.
Posted 23 February 2020 - 01:56 AM
I'm calling bounce for Monday. Note the red doji's at low levels, you don't get many signals, but they pay.
Edited by CLK, 23 February 2020 - 01:57 AM.
Posted 23 February 2020 - 01:15 PM
I'm calling bounce for Monday. Note the red doji's at low levels, you don't get many signals, but they pay.
Mom 'n Pop have been sitting home all weekend ,scared the market is headed south and they are stuck in, Monday could get ugly, we need a gap down first then a rally attempt. There would have to be some really good news on Coronavirus to rally right out the gate.
Posted 23 February 2020 - 02:04 PM
I'm calling bounce for Monday. Note the red doji's at low levels, you don't get many signals, but they pay.
Mom 'n Pop have been sitting home all weekend ,scared the market is headed south and they are stuck in, Monday could get ugly, we need a gap down first then a rally attempt. There would have to be some really good news on Coronavirus to rally right out the gate.
I'm leaning more towards an exhaustion gap down on ES then reverse all night, cash never revisiting the globex lows.
Everybody sold out Friday, who's left to sell, at least short term?
Edited by CLK, 23 February 2020 - 02:06 PM.
Posted 23 February 2020 - 04:36 PM
Saw a solid 1 min EW count for spx. Calls for small 5 of 5 to new lows at the open, to finish the impulse down on ED.
Then, presumably, a fib retrace over a few days.
MA has a Panic Week for early March.
As usual, trust but verify.
Posted 23 February 2020 - 05:05 PM
Saw a solid 1 min EW count for spx. Calls for small 5 of 5 to new lows at the open, to finish the impulse down on ED.
Then, presumably, a fib retrace over a few days.
MA has a Panic Week for early March.
As usual, trust but verify.
That's pretty much my thinking as well for Naz...short term washout low on Monday (QQQ 223-226 area), then rally attempt (QQQ 230-233 or so) that fails end of Feb to early March, then a big whoosh down for a few weeks.potentially as low as hourly 900 (QQQ 205-208)
A move over QQQ 234 in next few days could call that outlook into question.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 23 February 2020 - 06:31 PM
Long 3298, very risky, only because of the globex gap.
Posted 23 February 2020 - 06:34 PM
Ya nice drop heh, likely see a bit of a rally back overnight!
Posted 24 February 2020 - 12:54 AM
Posted 24 February 2020 - 06:01 PM
notice all the calls for a rally back and they aren't happening. This an indication of anything to anyone?
Posted 24 February 2020 - 09:47 PM
notice all the calls for a rally back and they aren't happening. This an indication of anything to anyone?
I'm looking to short the bounce tomorrow.