RUT fresh Lows
the dow is the key here
Started by
gannman
, Jul 07 2020 10:07 AM
41 replies to this topic
#31
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 10:05 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
#32
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 10:12 AM
Action does not get much better than the Dow this AM...pinpoint accuracy....
HUGE pviot now set at 26,100 level.
Now we see if WWW can work its magic after the retest of the low....
If not, then bull may have some actual real trouble.....
Edited by K Wave, 08 July 2020 - 10:12 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
#33
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 10:19 AM
Trannies and SOX held up far better than Dow RUT on the decline off the pivot...
Now watching to see if they find their footing, and can get back up to challenge their pivots after this swing down.
If not, then could start to get ugly as the day wears on....
RUT did make nearly to the penny back tag on the hourly 900...could turn out to be pivot spot....but if it blows on through, then more advantage to bears...
Still a scalper market at this juncture...but that could be just about to change....
Edited by K Wave, 08 July 2020 - 10:19 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
#34
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 10:24 AM
NYA hourly with a potentially quite bearish setup on hourly after the Island in the sky above the 900, and now a spike backtest of the 900 that appears to have failed badly...
If so, a whole lot of red ones could be dead ahead....
Crystal clear where the pivot is now....no sense being long until bulls prove they can take it out....
Edited by K Wave, 08 July 2020 - 10:33 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
#35
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 10:59 AM
Qs back testing 1 min 900...this could be clue to whether they might do a WWW reversal back up, or are bout to join in on downside...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#36
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 11:41 AM
SOX and Q still holding up pretty well.
Let's see what happens as SOX approaches 2040
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#37
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 11:43 AM
And there's the 1 min throwover....pivot looks set there now at 2040
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#38
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 11:58 AM
Qs still pushing up....maybe WWW will work its magic yet...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#39
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 12:29 PM
Pretty classic Falling 3 Methods on NYA 30 min.
Still bearish below top of this last candle...
But back above the top of that candle, and bulls likely have the ball back....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#40
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 08 July 2020 - 02:07 PM
If bears lose the last hour, bulls likely take it away tomorrow...not overly impressive effort thus far on their part
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
