NDX bounced right at 9400 and now back to unch...
As long as 9400 holds now, bulls OK for possible continued rampola....but if it goes down there again, could be sign NDX is running outta gas...
Ok we are in bullish mode now....
Started by
andr99
, May 28 2020 12:58 AM
18 replies to this topic
#11
K Wave
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Posted 28 May 2020 - 08:41 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
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Posted 28 May 2020 - 08:42 AM
SOX notably NOT going up with NDX 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
#13
pdx5
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I want return OF my money more than return ON my money
Posted 28 May 2020 - 09:02 AM
I've always said this and have never been wrong yet in 35 years! The market never goes up forever and it never goes down forever. I agree it could continue higher but 7% in 7 days is irrational and it will adjust itself!!
Exactly what I think after any move which is too fast. There could be a sharp correction in cards.
And if that happens followed by a persistent upward move, it is the classic signal of booolish market ahead.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#14
CLK
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Posted 28 May 2020 - 09:07 AM
The SPX has been basically sideways for a month, it could be time for a big trending move higher
with small red days mixed in, not a 100 point correction.
#15
da_cheif
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Posted 28 May 2020 - 09:16 AM
The SPX has been basically sideways for a month, it could be time for a big trending move higher
with small red days mixed in, not a 100 point correction.
sideways for a month ?.....in the last month the sp is up 200 handles.....am i missing something??
#16
12SPX
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Posted 28 May 2020 - 09:41 AM
I agree except the breakout has been the 7% in 7 days, no matter what anyone thinks that's unsustainable so at the least volatility is about to ensue as the gains are digested that's what I see.
#17
CLK
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Posted 28 May 2020 - 10:17 AM
The SPX has been basically sideways for a month, it could be time for a big trending move higher
with small red days mixed in, not a 100 point correction.
sideways for a month ?.....in the last month the sp is up 200 handles.....am i missing something??
The SPX has been basically sideways for a month, it could be time for a big trending move higher
with small red days mixed in, not a 100 point correction.
sideways for a month ?.....in the last month the sp is up 200 handles.....am i missing something??
I count 19 trading days from the top of the range to the breakout, close to a month.
#18
K Wave
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Posted 28 May 2020 - 10:23 AM
The SPX has been basically sideways for a month, it could be time for a big trending move higher
with small red days mixed in, not a 100 point correction.
sideways for a month ?.....in the last month the sp is up 200 handles.....am i missing something??
This is what is being referred to...the action pre-breakout....even more pronounced on the Dow....could be a fantastic base to launch from.
SPX
DOW
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#19
linrom1
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Posted 28 May 2020 - 11:20 AM
Nice presentation, reminds me of what just happened in silver
