SP Emini triangle base width projected from apex break into end of june, should test the first wave up from the march crash...
Edited by Russ, 12 June 2020 - 01:26 AM.
VIX projecting a high into end of June.
Started by
Russ
, Jun 11 2020 07:36 AM
48 replies to this topic
#11
Russ
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Posted 12 June 2020 - 01:19 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#12
K Wave
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Posted 12 June 2020 - 06:44 AM
SP Emini triangle base width projected from apex break into end of june, should test the first wave up from the march crash...
That is kind of what I am leaning towards now...assuming SPX breaks through 3000 downside.
Take out the the bottom of the big consolidation area by a little bit, and get everyone stark raving mad bearish, and then rocket launch it back upwards.
But if SPX holds 3K (allowing for overshoot to 2950 or so), and SOX holds 1850, then we could still possibly have more work upside before rolling over.
The big key will likely be whether or not the BIG 5 leadership starts to breakdown hard VERY soon.
Edited by K Wave, 12 June 2020 - 06:45 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
#13
12SPX
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Posted 12 June 2020 - 08:33 AM
Nice love that chart! Got out of my long for a nice 50 point, short 3075, I'll add if it goes higher!
#14
12SPX
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Posted 12 June 2020 - 08:45 AM
Average short now 3080!
#15
12SPX
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Posted 12 June 2020 - 09:34 AM
Ok I'll put my profit stop in a bit higher than normal at 3070 see how it goes. Whats interesting is that my original expiration cycle number for next week was hit yesterday for making it a "normal" cycle, just the other day we were way over so this is very interesting. I'll be curious to see where we close today, so far its looking more like it could be a down week, we'll see after the close!
#16
12SPX
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Posted 12 June 2020 - 09:43 AM
Profit stop 3065..... everyones so quiet shhhhhhh!
#17
K Wave
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Posted 12 June 2020 - 09:53 AM
NFLX first to red.....now we see if some of the other big guns start to follow suit....bears need them to.....and pretty soon...
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
12SPX
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Posted 12 June 2020 - 09:56 AM
Turnaround Friday, Turnaround Friday lol! Profit stop 3050
#19
K Wave
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Posted 12 June 2020 - 10:00 AM
brutal hourly candle on NQ
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
traderx
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Posted 12 June 2020 - 10:03 AM
brutal hourly candle on NQ
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K WAVE What time periods do you watch and/or use?
