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bollinger bands pinching on the dow


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#1 gannman

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Posted 10 July 2020 - 07:41 AM

we will see what develops from that 


feeling mellow with the yellow metal


#2 K Wave

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Posted 10 July 2020 - 09:21 AM

Unless bears act real soon, it is going to be an explosion to the upside...back above 3160 on SPX now might get it started.

 

Good news is already starting to show up under the surface of the scare headlines...realization should start to spread over next week or so...


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 CLK

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Posted 10 July 2020 - 09:24 AM

If this is not just simple short term rotation out of tech, we could see 2800-2700 over

the next few weeks.



#4 traderx

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Posted 10 July 2020 - 09:30 AM

K-Wave 

Good news is already starting to show up under the surface of the scare headlines...realization should start to spread over next week or so...

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same theme again!



#5 K Wave

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Posted 10 July 2020 - 09:38 AM

Trannie bulls trying to reclaim 1 min 900, as SPX takes aim on 3160...could be another moment of truth dead ahead here...

 

If bulls get out of the gate, full on stampede likely...

 

But if bulls fail here, then another warning sign....


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 10 July 2020 - 09:42 AM

Tran hourly...Saturn V launch off the back test of the 900, or fail at the 200, and swan dive over the edge???

 

We are likely to get some clues real soon.....

 

djt.png


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 10 July 2020 - 09:44 AM

And here come the Trannie bulls for 2nd attempt at floor recaputre.

 

If they make it stick, bears got a lot of trouble of  their hands....

 

I think we are finally real real close to resolution of the big wedgie....


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 K Wave

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Posted 10 July 2020 - 09:45 AM

SPX plows through 3160


Edited by K Wave, 10 July 2020 - 09:45 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

 

 


#9 K Wave

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Posted 10 July 2020 - 09:53 AM

and not able to hold it....

 

If bears are going to attack, this would be the spot.

 

If they fail to do so, and SPX takes out last swing high, then bulls have likely won this battle...


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 K Wave

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Posted 10 July 2020 - 09:55 AM

UVXY still looks like a bear flag on 15 min chart, with right shoulder just printed...

 

uvxy.png


Edited by K Wave, 10 July 2020 - 09:56 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