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it sure feels like it wants to go higher fwiw


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#11 K Wave

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Posted 05 May 2020 - 03:34 PM

Jury still out...back above 220 on Qs tomorrow, and bulls could take it on up.

 

But another drop under 216 will likely seal in a divergent double top at 220, and would open door to a move towards 200.

 

Action of BIG 5 tomorrow will likely tell the tale of next swing move about to begin...


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

 

 


#12 gannman

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Posted 05 May 2020 - 04:01 PM

i would not mind seeing the qqq's go back to the 

 

low 200's at all. to me would be the healthiest thing to occur 

 

fwiw  then it would look like an abc pullback 


feeling mellow with the yellow metal


#13 pdx5

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Posted 05 May 2020 - 04:42 PM

I am buying the larger dips....and will cash out when getting  close to new high's within a year or less.

Can't let a crisis go to waste purebs.gif


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#14 K Wave

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Posted 05 May 2020 - 05:15 PM

Looking like it may be about 8920 NQ overnight....if bears can take that out tonight, then maybe gap down and go tomorrow.

 

And if not, then bulls still have ball for now...


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

 

 


#15 CHAx

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Posted 05 May 2020 - 05:56 PM

Looking like it may be about 8920 NQ overnight....if bears can take that out tonight, then maybe gap down and go tomorrow.

 

And if not, then bulls still have ball for now...

 

Yep, I think gap and go either direction tomorrow.



#16 K Wave

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Posted 05 May 2020 - 07:22 PM

NQ losing its mojo overnight now...let's see if 8920 holds or not....


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

 

 


#17 tommyt

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Posted 05 May 2020 - 10:50 PM

Where we are now: those here saying it looks higher will be saying it looks lower in 7-10 days after it has topped shortly.

#18 flyers&divers

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Posted 05 May 2020 - 11:44 PM

Bought some FNGD for a swing. 

 

F&D


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#19 gannman

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Posted 06 May 2020 - 06:25 AM

i would say this rally is probably the b wave of an abc off of the top

 

my guess


feeling mellow with the yellow metal


#20 K Wave

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Posted 06 May 2020 - 07:05 AM

well, bull managed to reclaim 8920, then back test it and hold it overnight, and then make a bee line for 9K

 

But so far, 9k proving formidable obstacle to overcome.

 

looks like 8950-60 area may be they key now to whether this rolls back on over or not...


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