116 replies to this topic

[12SPX]

Thats all im looking for! 

[andr99]

i think there's 80% probability we will have it, because the nasdaq has reached again its all time high and a pull back from here is the classic bear trap in the form of a fake double top that most who are bearish are waiting for. To me a move from 9800 which is just 100 points above today's level, to 9200 would be the classic bear trap needed to scroll down unwanted passengers on the bull train. The a@@@@les driving and manipulating markets are machiavellic.......I' m talking about a few investment banks with friends in high places   

Edited by andr99, 03 June 2020 - 01:52 PM.

[andr99]

https://i.postimg.cc...gbKx/daxind.png

 

https://i.postimg.cc...k8/daxpullb.png

 

 

the dax again with my favourite indicator, weekly timeframe. first chart above showing why the bear is over.....on previous two long term market bottoms there was a divergence, but this time there won' t be any as there's not always a divergence at market bottoms. second chart showing the needed pull back of the indicator towards its ma which always takes place at some point and now it would be the perfect time because the dax has a resistance above its head which is the dynamic bullish trend line it broke down a while ago...in other words TA is not deterministic, it's probabilistic which means that when you look at an index you 're like a detective indagating the scene of a crime to find out the signs left in it

Edited by andr99, 03 June 2020 - 02:39 PM.

[K Wave]

IF ever there were a place for the RUT to bump its head, this would be the place.

 

If this floor gets recaptured, the last of the bear hopes will be crushed....

 

IF it does manage to take out 1460, then next big level is 1600.

 

Above 1600 again, and bulls would have pretty smooth sailing...

 

Edited by K Wave, 03 June 2020 - 03:34 PM.

[K Wave]

IF NQ comes back under 9680 overnight, going to start to look a lot like breakout/fakeout there...

 

The relative weakness last few days to SP has been pretty stunning, so NQ is likely the place where any reversal back down would start...

[Dex]

IF NQ comes back under 9680 overnight, going to start to look a lot like breakout/fakeout there...
 
The relative weakness last few days to SP has been pretty stunning, so NQ is likely the place where any reversal back down would start...

De chef said it is going to the moon. Why are you looking for a reversal?

[K Wave]

Anyone else see the possibility for something along these lines on NDX?

 

Obviously, if we go much past the old high and momo re-ignites, then would become less likely, and any pullback would likely come form

higher prices.

[andr99]

Anyone else see the possibility for something along these lines on NDX?

 

Obviously, if we go much past the old high and momo re-ignites, then would become less likely, and any pullback would likely come form

higher prices.

 

too heavy your first yellow correction imo....9700 to 8500 is too much  

Edited by andr99, 03 June 2020 - 04:42 PM.

[K Wave]

 

Anyone else see the possibility for something along these lines on NDX?

 

Obviously, if we go much past the old high and momo re-ignites, then would become less likely, and any pullback would likely come form

higher prices.

 

too heavy your first yellow correction imo....9700 to 8500 is too much  

 

Did it based on the 900 MA on this time frame.

 

You would be surprised how often a 900 in this configuration gets backtested before re-launch.

 

Here is a classic example on a daily time frame of RUT back in 2011.

 

Does not mean it has to happen in this case, but it is fairly common, and I would not be surprised if it did happen.

 

[K Wave]

Here is another example of backtest after a double top on SPX in 2019.