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it looks like 5 waves down off of the top to me


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#11 K Wave

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Posted 22 June 2020 - 10:59 AM

Should be getting close to decision  time for today....


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#12 K Wave

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Posted 22 June 2020 - 11:36 AM

3 hours in, and Dow still holding the hourly 900....

 

Now just need to get momo motoring back upside, and start dragging RUT, NYA, Trannies back above the hourly 900 as well..

 

Failure to do so, would put ball back in bears hands....

 

dji.png


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#13 K Wave

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Posted 22 June 2020 - 11:41 AM

Dow back in the 3 min jaws, as 3 min time frame attempts to turn back up.......how it comes out could decide the next swing move direction...

 

dji.png


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#14 K Wave

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Posted 22 June 2020 - 11:46 AM

SOX setting up for possible Shake N Bake move on the 5 min time frame.

 

As long as any pullback holds above 1770, any subsequent move above 1980 could launch the assault on the ATH.

 

Back below 1770 now would likely be very No Bueno....

 

sox.png


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#15 redfoliage2

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Posted 22 June 2020 - 12:13 PM

It's about time for the end of month run up.  Until the economy has fully recovered don't expect the stock market to go down much even though some billionaires missed the bus.   I guess they can wait till the economy has recovered ................


Edited by redfoliage2, 22 June 2020 - 12:22 PM.


#16 pdx5

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Posted 22 June 2020 - 12:50 PM

It's about time for the end of month run up.  Until the economy has fully recovered don't expect the stock market to go down much even though some billionaires missed the bus.   I guess they can wait till the economy has recovered ................

That is my thinking as well. Sell the news will probably work here. When news comes out virus is dead and gone, the market could decline.


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#17 K Wave

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Posted 22 June 2020 - 12:51 PM

Pitcher is giving this one a full windup....pitch should be coming real soon now....


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#18 K Wave

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Posted 22 June 2020 - 01:17 PM

Bulls thus far no showing any real sign that they want the ball....

 

They better step up PDQ, or they will run outta time...see if they can do it on next push....


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#19 pdx5

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Posted 22 June 2020 - 01:57 PM

DJI just hit new intra-day high. What does that mean? A strike ball? or Foul ball?


Edited by pdx5, 22 June 2020 - 01:58 PM.

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#20 K Wave

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Posted 22 June 2020 - 02:12 PM

bulls doing what they need to so far...now they need hold the breakout...


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