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the dow is the key here


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#1 gannman

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Posted 07 July 2020 - 10:07 AM

heavy overhead resistance but if it can close over 26500 and stay there

 

we are going to 30000 imho 


feeling mellow with the yellow metal


#2 K Wave

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Posted 07 July 2020 - 10:08 AM

UVXY looking ready to collapse...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 K Wave

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Posted 07 July 2020 - 10:12 AM

The key will be if SPX can reclaim the Big Island in the Sky

 

3180 is the bottom of it.

 

If 3180 gets taken out upside, then could see a huge swoosh to the upside that completely takes out the island, and launches SPX to new ATH

 

spx.png


Edited by K Wave, 07 July 2020 - 10:13 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

 

 


#4 K Wave

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Posted 07 July 2020 - 10:15 AM

Watch NYA 12,100, and RUT 1440.

 

If those levels are reclaimed by bulls after the shakeout this AM...bears are likely going to start to hurt intermediate term....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#5 K Wave

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Posted 07 July 2020 - 10:33 AM

This backtest of 3180 could be a tell...

 

If it does not launch after this, then perhaps bulls outta gas...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#6 K Wave

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Posted 07 July 2020 - 10:49 AM

we may real close to a big moment of truth here...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 K Wave

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Posted 07 July 2020 - 11:00 AM

wedgie getting tight...could be any minute now....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#8 gannman

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Posted 07 July 2020 - 11:01 AM

i am also looking at jpm here acting terrible


feeling mellow with the yellow metal


#9 K Wave

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Posted 07 July 2020 - 11:17 AM

Bears look to have held key levels thus far.

 

If we now start to take out the lows of the day, they may have just won a big battle...

 

Until SPX takes out 3180 again, bears have the ball back.

 

let's see how far down the field they can take it...

 

Back above 3180 again, and bulls likely to tear the roof off.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 12SPX

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Posted 07 July 2020 - 11:25 AM

Bears look to have held key levels thus far.

 

If we now start to take out the lows of the day, they may have just won a big battle...

 

Until SPX takes out 3180 again, bears have the ball back.

 

let's see how far down the field they can take it...

 

Back above 3180 again, and bulls likely to tear the roof off.

This is so exciting love your posts lol!!  I'd just like to see a nice healthy little correction to get us back to normal....