That spike reversal late this afternoon possibly ominous.....
Looks like it is all about NQ 8700 now
Started by
K Wave
, Apr 22 2020 03:48 PM
49 replies to this topic
#1
K Wave
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Posted 22 April 2020 - 03:48 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
CHAx
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Posted 22 April 2020 - 06:45 PM
Yep, the operators ran the stops before piling in. I remember in the 2009 bear market they would do that at 2PM-2:50PM central and every time without fail, the market would gap lower for cash traders. So I remember its signature well. Its also the reason I switched from trading ETFs to futures.
Edited by CHAx, 22 April 2020 - 06:48 PM.
#3
K Wave
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Posted 23 April 2020 - 07:45 AM
Bulls held it together fairly well over night....reasonable chance here they take out 8700
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
K Wave
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Posted 23 April 2020 - 09:31 AM
bears gettin' smoked...
If Dow takes out 24K, now that it has reclaimed 23700, will get even worse...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#5
linrom1
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Posted 23 April 2020 - 09:34 AM
bears gettin' smoked...
If Dow takes out 24K, now that it has reclaimed 23700, will get even worse...
There are no bears. It always looks most bullish before downturn. QID average volume 9m vs 2m; SH average 24m vs 4
Edited by linrom1, 23 April 2020 - 09:39 AM.
#6
K Wave
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Posted 23 April 2020 - 09:40 AM
SOX 1700 next key level.
IF..bulls take that out, then door to new ATH opens....
Edited by K Wave, 23 April 2020 - 09:49 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 23 April 2020 - 10:33 AM
SOX 1700 tagged...now we see where pull back leaves things.
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
K Wave
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Posted 23 April 2020 - 12:31 PM
1 dip under on a news story is allowable....2 is a different story.
Bulls may have just coughed up the ball...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
K Wave
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Posted 23 April 2020 - 12:38 PM
NDX at 8700...could be moment of truth right about here....
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
gm_general
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Posted 23 April 2020 - 12:44 PM
Trouble is few seem to ever want to run things up with a buy program (like scads of 100 share blocks), whereas many seem to do this on the downside with sell blocks. Look at the market without many of these programs, as it was yesterday. Only fury was the fair amount of day traders exiting at close as we have a lot in this environment.
