ES stopped right on the 200 DMA
i will go way way out on a limb here just for the heck of it
Started by
gannman
, Jun 23 2020 06:07 PM
61 replies to this topic
#42
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 10:46 AM
RUT well below the 200 now....if that 200 now starts to roll back over, that is when the real trouble could begin....
Next time RUT clears 1440, will get very long, but until then, this thing could now go a lot lower...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#43
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 10:48 AM
Absolute carnage in the AirShip sector....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#44
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 10:49 AM
RCL....ugly breach today...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#45
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 10:52 AM
Southwest not feeling the LUV today....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#46
12SPX
-
- Traders-Talk User
- 12,651 posts
Member
Posted 24 June 2020 - 10:59 AM
Hmmm starting to think of a profit stop on my 3135 ES sell but only half at 3040!
#47
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 11:15 AM
These types of failures often develop into really bad reversals.
Look at how the hourly Dow was all setup for launch yesterday, and then massively failed.,..
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#48
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 11:23 AM
IF/WHEN Dow finally clears 26K, then bulls would likely have an all clear, but with this reversal today, that could be quite a bit down the road...
Dow has managed to hold 15 min 900....thus far...
Edited by K Wave, 24 June 2020 - 11:24 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
#49
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 11:28 AM
5 min appears to just syncing up downside after a big battle the bulls lost....
15 min more powerful than 5 min, but if 15 min goes bye bye, then some real ugliness would be more likely...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#50
K Wave
-
- Traders-Talk User
- 26,949 posts
Member
Posted 24 June 2020 - 11:36 AM
And here are the longer Dow swing looks at 2 hours and 4 hours.
2 hour got rejected right at the 900...if bulls somehow managed to take that out, then the bears would likely be dead.
In the mean time looks like ugly throwover, followed by back test failure.
4 hour not quite as clean and precise, but also looks like ugly throwover at this point. And again, bears likely dead if that last pivot got taken out upside.
But for now, looks like an ugly breakdown today, as momo heads through zero line.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
