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i will go way way out on a limb here just for the heck of it


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#21 K Wave

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Posted 24 June 2020 - 08:48 AM

BIG 5 still doing OK.

 

FB under 240 might be first sign of a crack if that happens soon.


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#22 K Wave

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Posted 24 June 2020 - 08:53 AM

one last thought here look at the utilities look at the banks 

 

look at the transports that last made a new high in 2018 

 

big red flags imo .  doesnt mean it cant go higher but a major top is coming imo 

First big red flags were the Tri-Star tops, followed by the rejection of NYA and Trannies right at underneath side hourly 900.

 

If Dow and RUT both finished back under the hourly 900 today, would likely be confirmation bulls have run outta gas for now....RUT already there, and a close under Dow 25700 would get it doe there.

 

And if SOX finishes under 1970, it would seem that key levels were being reclaimed by bears all over...

 

Long day yet to go..let's see how we actually finish....


Edited by K Wave, 24 June 2020 - 08:53 AM.

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#23 K Wave

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Posted 24 June 2020 - 08:54 AM

BIG 5 still doing OK.

 

FB under 240 might be first sign of a crack if that happens soon.

that didnt take long


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#24 K Wave

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Posted 24 June 2020 - 08:55 AM

BIG 5 all flipped red now....


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#25 K Wave

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Posted 24 June 2020 - 08:58 AM

SOX testing 1970.....


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#26 gannman

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Posted 24 June 2020 - 09:03 AM

we are impulsing down off of the top i expect a dramatic decline over

 

the next month


feeling mellow with the yellow metal


#27 K Wave

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Posted 24 June 2020 - 09:04 AM

SOX....if that 5 min 900 gets reclaimed by bears...could get real ugly real fast....

 

sox.png


Edited by K Wave, 24 June 2020 - 09:04 AM.

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#28 K Wave

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Posted 24 June 2020 - 09:09 AM

RUT...looks like failed attempt to bust through hourly 900...back below the 200 is where the vertical drop part could begin.....

 

rut.png


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#29 12SPX

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Posted 24 June 2020 - 09:21 AM

Yet another day of total abuse for the Davey DayTrader AirShip portfolio.

 

Remember that next time you see a meme like this, especilally posted as the index is printing a Tri-Star top.

 

Like i said before, sentiment is certainnly not everything, but when price action starts to confirm it...............

 

airship.png

 

as.png

You know one day this could be possible though lol!!  Love your posts though great to follow and consider things while trading!! 



#30 K Wave

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Posted 24 June 2020 - 09:30 AM

Look like 1970 area pivot on SOX set....

 

Players still scrambling for the fumbled football....


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