57 replies to this topic

[MikeyG]

Although I am not a day trader, after a big day up we usually get a day down. 

 

My best guess is tomorrow, will NOT be a down day, but a follow through up day!  

 

 

[gm_general]

Ideally today should have been SPX +90 or so, because MACD "wants" to close some day at the 6 year long support line at -108. But with the extra run up today, MACD is -104 EOD. To close tomorrow at -108 would entail a flat day.

Edited by gm_general, 10 March 2020 - 03:21 PM.

[LMF]

VIX still has a huge gap to fill on the daily chart down to about 18......looks incredible for the bulls.

[CLK]

VIX still has a huge gap to fill on the daily chart down to about 18......looks incredible for the bulls.

 

 

So you are already 100% long TQQQ?

[redfoliage2]

VIX still has a huge gap to fill on the daily chart down to about 18......looks incredible for the bulls.

 An inside day for VIX showing negative divergences to various indicators.  I posted a chart on my recent post and hope your folks can view it without login to stockcharts.com 

[LMF]

Im not holding TQQQ over nite yet......but a lot of big trades today atleast. Today was the 60 minute Macd bottom still a good distance below Zero. The close today was kind of a blowoff which usually drives some pullback early tomorrow. The gaps are all overhead to fill on the 60 min chart.

Edited by LMF, 10 March 2020 - 03:47 PM.

[qqqqtrdr]

My charts show a strong oversold still in the market, so we should head higher tomorrow or stay about the same...    We need to work off the oversold level we are now maintaining..    Market is not overvalued or undervalued...    This means as economic perception improves so should the market... As bears cover, since we now have sufficient amount the market should improve...   Commodities with the market also improved which is a positive sign that we more likely than not bottomed...

[LMF]

Just a mini little pullback tonite in the futures......oh yeah.

[LMF]

The main problem right now is the Fed and the PPT guys and trump WH are not doing enough to calm this thing back down so it stays below a 2 percent day. Up or down. Thats the threshold......I usually apply that to the SPX and DJIA.

Edited by LMF, 11 March 2020 - 04:54 AM.

[K Wave]

On the hunt now for the big swing buy opp.

 

Looking for bottom today on this pullback, then then once 24,600 is taken again, should be explosive move up.

 

Failure to take out 24,600 by tomorrow could mean something more sinister afoot here...

 

But as of now, multiple things pointing to this being significant bottom area...