Bulls need to hold NDX 9695 now, or they may fumble just short of the goal line...
9695 broken, backtested, and now NQ with pretty ugly looking 15 min candle forming...
Was that IT???
3110 spx
Started by
andr99
, Jun 02 2020 01:44 PM
116 replies to this topic
#11
K Wave
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Posted 03 June 2020 - 09:14 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 03 June 2020 - 09:17 AM
Stop would be at 9695 NDX now...back above that again, they likely go get the the ATH.
If they don't, then could see big ol' bearish engulfing by the end of the day....
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
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Posted 03 June 2020 - 10:00 AM
4 of the BIG 5 in the red with all this green....
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
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Posted 03 June 2020 - 10:07 AM
this should be last push up on SPX...
If not, this could turn into total meltup....let's see if they can get back under 3110 over next few 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
#15
andr99
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Posted 03 June 2020 - 10:13 AM
this should be last push up on SPX...
If not, this could turn into total meltup....let's see if they can get back under 3110 over next few minutes...
no meltup......spx at most 3140, i know you in america don' t look much at europe but the dax and not just it, is in a rising channel currently touching the upper band of it with a 10% correction pending soon after. That rising channel is substained by the rising spx..........no rising spx no dax rising channel........so that the next move to the lower band must coincide with an spx move down to 2850. Starting from friday we will see fireworks to the downside...but just for a week or little more
Edited by andr99, 03 June 2020 - 10:14 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#16
andr99
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Posted 03 June 2020 - 10:21 AM
https://i.postimg.cc.../daxchannel.png
https://i.postimg.cc...Zn/spxinver.png
that is what I' m waiting for.....am I right, am I wrong ? time will tell
the dax making +8% in two days is not something that can last long
Edited by andr99, 03 June 2020 - 10:24 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#17
12SPX
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Posted 03 June 2020 - 10:25 AM
Do agree mostly, 8% in 11 days is not a healthy move unless its off a bottom not at current highs. YOur right about 2850 also but not sure itll get there lol! I'm trying to decide if I should hold this short overnight or not or just sell more calls!
#18
andr99
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Posted 03 June 2020 - 10:32 AM
Do agree mostly, 8% in 11 days is not a healthy move unless its off a bottom not at current highs. YOur right about 2850 also but not sure itll get there lol! I'm trying to decide if I should hold this short overnight or not or just sell more calls!
8% in two days......yesterday and today
forever and only a V-E-N-E-T-K-E-N - langbard
#19
andr99
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Posted 03 June 2020 - 10:39 AM
most of you guys, i think, are really good at trading......I just hope to bring a contribute when i say to pay attention also at european indexes, because the correlation with america is often stunning
Edited by andr99, 03 June 2020 - 10:41 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#20
12SPX
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Posted 03 June 2020 - 10:57 AM
No no 8% in 11 days. I'm old where a 10% a year move is good so 11 days is insane lol!! The reason I say 11 days is thats where we are in the expiration cycle, with today now 9% which is quite extended so at the least volatility will likely start here soon.
