SOX at 1 min 900...if it don't hold here, cascade could start there as well...
amateur speculators heavy short
Started by
da_cheif
, May 27 2020 06:08 AM
43 replies to this topic
#11
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 08:53 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
#12
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 08:55 AM
See what the next few minutes bring, but looks like we are about to see a power break of the 15 min 200 on Qs
Edited by K Wave, 27 May 2020 - 08:55 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
#13
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 08:56 AM
AAPL backtesting 316....now or never bulls....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#14
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 09:03 AM
Stil 30 min to go, but looking like reasonable possibility of power break reclaim of hourly 900 on TQQQ...likely sealing in the failure there....
Edited by K Wave, 27 May 2020 - 09:04 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
#15
12SPX
-
- Traders-Talk User
- 12,583 posts
Member
Posted 27 May 2020 - 09:03 AM
Yay, turnaround Wednesday, 28 point profit stop so far from 3028 short on the ES. Reported it on d's thread!
#16
gm_general
-
- TT Member+
- 1,653 posts
Member
Posted 27 May 2020 - 09:04 AM
This seems like one of those situations where there is no standard explanation for the disparity in the market so those like Yahoo Finance are just ignoring it and declaring the market is up. Never would they say something like a program manipulation is targeting one sector trying to turn things down overall. It seems to me like those attempting a reversal are running out of pennies if they can only hit one area of the market.
#17
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 09:09 AM
Yay, turnaround Wednesday, 28 point profit stop so far from 3028 short on the ES. Reported it on d's thread!
Bears have to convincingly break 316 on AAPL before we see any real ugliness.
Bit if that happens, the TQQQ chart look it could just getting underway downside after a very ugly failure....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#18
linrom1
-
- Traders-Talk User
- 4,010 posts
Member
Posted 27 May 2020 - 09:10 AM
YM is easily manipulated so least accurate
#19
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 27 May 2020 - 09:16 AM
This seems like one of those situations where there is no standard explanation for the disparity in the market so those like Yahoo Finance are just ignoring it and declaring the market is up. Never would they say something like a program manipulation is targeting one sector trying to turn things down overall. It seems to me like those attempting a reversal are running out of pennies if they can only hit one area of the market.
Until Bulls break SPX 3030, this could be a very dangerous area for them....
And Trannies now look like they pretty much got the full Shake and Bake move I was looking for.
Bulls could still pull this off here, but risky taking longs up here until we get resolution of this critical area, and things get back "in sync".
When things are this out of sync, often times a warning that should be paid attention to.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#20
12SPX
-
- Traders-Talk User
- 12,583 posts
Member
Posted 27 May 2020 - 09:16 AM
Out 28 point profit watch a bit here see about a reshort!
