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#1 redfoliage2

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Posted 18 May 2020 - 08:58 AM

Currently at Neutral.

But I warned Friday afternoon for this gap-up:

 

Posted 15 May 2020 - 03:33 PM

redfoliage2, on 15 May 2020 - 3:30 PM, said:snapback.png

On the 60 min NQ running up from an inverted H&S base ........

ES as well.  It looks a gap-up for Sunday at the futures open


Edited by redfoliage2, 18 May 2020 - 09:00 AM.


#2 K Wave

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Posted 18 May 2020 - 09:04 AM

Failure of bears to hold the Qs under 220 on Friday was the bears death knell...

 

Qs likely headed to ATH now....

 

Looks like last Thursday's pivot low may have been huge now for other indexes as well.

This breakout today likely the real deal and should accelerate after perhaps some early backing and filling


What A Beautiful Black Sky


#3 gm_general

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Posted 18 May 2020 - 09:07 AM

3rd time at 61.8% retrace as shown for SPX. Also 2 points from SPX MACD crossing back over.



#4 K Wave

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Posted 18 May 2020 - 09:12 AM

3rd time at 61.8% retrace as shown for SPX. Also 2 points from SPX MACD crossing back over.

15 min charts across the board say this thing is now in launch mode....

 

So unless something materially changes, trying to short into this may not have desired results....


Edited by K Wave, 18 May 2020 - 09:12 AM.

What A Beautiful Black Sky


#5 andr99

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Posted 18 May 2020 - 09:49 AM

Currently at Neutral.

But I warned Friday afternoon for this gap-up:

 

Posted 15 May 2020 - 03:33 PM

redfoliage2, on 15 May 2020 - 3:30 PM, said:snapback.png

On the 60 min NQ running up from an inverted H&S base ........

ES as well.  It looks a gap-up for Sunday at the futures open

what's next in your opinion ? 


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#6 K Wave

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Posted 18 May 2020 - 09:56 AM

The big question will be whether or not this stops at SPX 200 MA or just powers right on through....

 

If it ends up clearing 3030, then downside bets are off, just like when the Qs cleared 195 way back at the beginning of April....


What A Beautiful Black Sky


#7 redfoliage2

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Posted 18 May 2020 - 10:56 AM

 

Currently at Neutral.

But I warned Friday afternoon for this gap-up:

 

Posted 15 May 2020 - 03:33 PM

redfoliage2, on 15 May 2020 - 3:30 PM, said:snapback.png

On the 60 min NQ running up from an inverted H&S base ........

ES as well.  It looks a gap-up for Sunday at the futures open

what's next in your opinion ? 

 

I see SPX dma 200 will be a real challenge for the market ..................
 



#8 redfoliage2

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Posted 18 May 2020 - 01:49 PM

VST not much left for bulls and I see a pullback tomorrow .....................


Edited by redfoliage2, 18 May 2020 - 01:51 PM.


#9 12SPX

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Posted 18 May 2020 - 02:32 PM

VST not much left for bulls and I see a pullback tomorrow .....................

-100 tonight lol!!!  



#10 12SPX

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Posted 20 May 2020 - 09:19 AM

I'm in for a short at 2970 on the ES again, yesterdays fall turned out well and this is ridiculous!