Member
Posted 02 June 2020 - 09:43 AM
well well well...not very pretty out of the gate for NQ after the overnight ramp job...
let's see if 9600 now becomes resistance or not....
So far so good on that 5 min cycle...bears defending the breach thus far...now we see if they have what it takes to take out the early swing low....that would likely be first big warning, should it occur.
Back above 9610, and bulls may still have a little gas left...
Edited by K Wave, 02 June 2020 - 09:45 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
Member
Posted 02 June 2020 - 09:46 AM
That didn't take long....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 June 2020 - 09:53 AM
SOX getting that breakout/fakeout look to it this AM....if bulls fail to hold 1840 now, big leg up may be over...
moment of truth could actually be right about here at 1845-1850 area
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 June 2020 - 11:24 AM
So far bulls held line where they needed to to continue up a bit more, as NDX/SPX divergence grows....
SPX could have another 20-30 or so left in the tank...but back below 3057 now, further advance chances would drop.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 June 2020 - 02:51 PM
gap openings usually makes for a dull day till the last 10 minits of trading
bingo
Member
Posted 02 June 2020 - 03:11 PM
gap openings usually makes for a dull day till the last 10 minits of trading
bingo
Literally nailed it on that one...10 points in 10 minutes 
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 June 2020 - 10:04 PM
3092.24 reached .....minor reaction so far
Member
Posted 03 June 2020 - 10:43 AM
I predicted the sp500 low last December, it looks like mid June is going to be the end of this retracement rally for the SPX and gold looks like it will go down into the same time which is an important correlation.
Member
Posted 03 June 2020 - 10:52 AM
I predicted the sp500 low last December, it looks like mid June is going to be the end of this retracement rally for the SPX and gold looks like it will go down into the same time which is an important correlation.
Thanks Russ. DOW was the laggard and it looks like its heading for that 27k that could be the top.
Edited by linrom1, 03 June 2020 - 10:53 AM.
Member
Posted 03 June 2020 - 12:24 PM
I predicted the sp500 low last December, it looks like mid June is going to be the end of this retracement rally for the SPX and gold looks like it will go down into the same time which is an important correlation.
Thanks Russ. DOW was the laggard and it looks like its heading for that 27k that could be the top.
This appears to be a 5th wave, it looks like it could get close to the red line up around 28,000 by mid June, we'll see.
