The SOX looks to be a in clear 3 wave ABC rally with the 3rd wave (2nd wave up, Wave C) being 10 points short of being .786 of wave A.
Wave C = Wave A*.786
Posted 09 April 2020 - 10:28 AM
The SOX looks to be a in clear 3 wave ABC rally with the 3rd wave (2nd wave up, Wave C) being 10 points short of being .786 of wave A.
Wave C = Wave A*.786
Posted 09 April 2020 - 10:29 AM
1 min 900 holding thus far on NDX.
If that gives way, then bears may finally stop the bull drive...
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 09 April 2020 - 10:41 AM
Bulls have stated their case today at 23,700 on Dow.
That was the level that the huge break came from.
Until 23,700 is taken out, might be wise to hold your fire on the short side.
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 09 April 2020 - 10:42 AM
The SOX looks to be a in clear 3 wave ABC rally with the 3rd wave (2nd wave up, Wave C) being 10 points short of being .786 of wave A.
Wave C = Wave A*.786
Agree. Similar chart on NDX
Posted 09 April 2020 - 10:54 AM
Posted 09 April 2020 - 11:00 AM
The relative weakness in NDX vs SPX growing...
Usually a harbinger of doom...but until price action actually breaks the short term pivots......
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 09 April 2020 - 11:30 AM
NDX 1 min trying to roll again...
if it comes back through the 1 min 200, could be the start of something for bears...
Big divergence from SPX on that last wave...
Edited by K Wave, 09 April 2020 - 11:30 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
Posted 09 April 2020 - 11:47 AM
held first time....if bulls can now take it over 8280, bears could be in trouble for rest of today....
next few minutes may be telling....
Edited by K Wave, 09 April 2020 - 11:47 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
Posted 09 April 2020 - 12:01 PM
let's see if if SPX can hold this pop over 2810.
IF not, could first chink in the armor today...
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 09 April 2020 - 12:06 PM
Re-Positioning is occurring in and around the 3:50pm bar right before the close recently. Out of the last 21 days, those one minute bars have had 30 or more ES points up or down 18 times.