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#1 CLK

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Posted 20 May 2020 - 09:57 AM

So cash is up like 3-4 points from the open, where is the real buying and follow through?

Institutions spend a few dollars in Globex to unload millions to retail in cash.

The new 4hr starts at 12pm, I expect prices to start dropping once the distribution is complete.


Edited by CLK, 20 May 2020 - 09:58 AM.


#2 pdx5

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Posted 20 May 2020 - 12:02 PM

Yes, and it will be interesting to watch how she closes today at 4pm.


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#3 redfoliage2

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Posted 20 May 2020 - 12:26 PM

Recently it's in the last hour the market gets sold .............



#4 pdx5

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Posted 20 May 2020 - 12:35 PM

Recently it's in the last hour the market gets sold .............

Those are the "weak" bulls. Once they are all done, selling pressure gets smaller.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 CLK

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Posted 20 May 2020 - 01:18 PM

They are just about finished with the inventory, retail is happy about the new positions and the prospect of 3k.


Edited by CLK, 20 May 2020 - 01:21 PM.


#6 12SPX

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Posted 20 May 2020 - 02:12 PM

I think to many people are expecting that, to obvious, market needs more consolidation or down with everything going on!!  



#7 andr99

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Posted 20 May 2020 - 02:14 PM

another day up before starting to correct ? 


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


#8 CLK

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Posted 20 May 2020 - 02:38 PM

https://invst.ly/qvl1o



#9 andr99

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Posted 20 May 2020 - 03:13 PM

there's a hole in the spx between the bar of the 5th of march and that of the 6th. If the spx fills the gap it has to get up to the close of the 5th of march. It means 3030 and 200 sma slightly surpassed. Besides that 3030 is a static resistance that worked on the 26th of july 2019 and 19th of september 2019. At this point I think we will see it there....another 2% coming   


Edited by andr99, 20 May 2020 - 03:16 PM.

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


#10 CLK

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Posted 20 May 2020 - 03:52 PM

If we get to 3030, you won't see anything but ATH's next.