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#1 redfoliage2

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Posted 01 April 2020 - 12:51 PM

Not supporting further down...............



#2 redfoliage2

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Posted 01 April 2020 - 12:57 PM

ST trading range:  SPX 2450 - 2635 ....................

However, this market is news driving.  ST expect good news from COVID-19 vaccine ............



#3 K Wave

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Posted 01 April 2020 - 02:30 PM

After this last little flush, SOX getting down to range where we might see turn back up for a bit.

 

But until it reclaims 1540, bear still firmly in control of Intermediate term.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#4 redfoliage2

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Posted 01 April 2020 - 03:00 PM

The "pandemic" is projected to peak in two weeks on April 15th, I see the market will turn around some time before it.  So, from now on to April 15th it's the time for long term investors to load on dips.  After the pandemic peak is in and the business closing is lifted the market will go up without looking back.. ............


Edited by redfoliage2, 01 April 2020 - 03:03 PM.


#5 tradesurfer

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Posted 01 April 2020 - 11:22 PM

Another spot on prediction by redfoliage !   Great Job and I agree with you.

 

I also see an INVERSE h and s pattern in the sp500 at this time however we need to hold 2433 to keep it intact.

 

 

The "pandemic" is projected to peak in two weeks on April 15th, I see the market will turn around some time before it.  So, from now on to April 15th it's the time for long term investors to load on dips.  After the pandemic peak is in and the business closing is lifted the market will go up without looking back.. ............



#6 K Wave

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Posted 02 April 2020 - 09:38 AM

My big crude position finally coming off the $20 floor today...

 

Going to sell some on this huge pop and hope for a nice scalp to reload.

 

ZeroHedge was absolutely apocalyptic about oil a few days ago when I loaded up.

 

They are still a fantastic fade when they get all amped up over there.


Edited by K Wave, 02 April 2020 - 09:42 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 K Wave

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Posted 02 April 2020 - 11:05 AM

VIX still trending downward....this 52 area looks important...


Edited by K Wave, 02 April 2020 - 11:05 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#8 redfoliage2

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Posted 02 April 2020 - 01:22 PM

The market is unable to hold on gains, not good for tomorrow...................



#9 K Wave

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Posted 02 April 2020 - 02:05 PM

Still looking OK to me... SOX hanging in there at back test of 5 min 900.

 

Now want to see VIX break..

Crashing through 52 into close would be ideal...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 redfoliage2

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Posted 02 April 2020 - 02:17 PM

SPX needs to close at high for the day to keep the ST bullish momentum going .................