bollinger bands pinching on the dow
Started by
gannman
, Jul 10 2020 07:41 AM
46 replies to this topic
#12
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:02 AM
5 min look at UVXY, back below that 200, and wheels could start to fall off there....
Edited by K Wave, 10 July 2020 - 10:02 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
#13
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:04 AM
And 1 min UVXY...perfect equilibrium has been reached...something going to give likely very soon
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#14
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:06 AM
RUT coming in for back test of reclaimed 1 min 900...let's see if bull can hold it or not...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#15
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:10 AM
and here come the Trannies again....3rd time the charm?
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#17
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:23 AM
1 min SPX has reclaimed a bullish stance...
If it can take out 3164, before 3150, bull may be off to the races soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#18
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:30 AM
Dow still struggling at the floor area....
Until all these cross currents are resolved, hard to commit to much more than scalp trades..
Trannie action this AM is encouraging, but bulls not safe there until 9320 taken out...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#19
K Wave
-
- Traders-Talk User
- 26,744 posts
Member
Posted 10 July 2020 - 10:35 AM
RUT perhaps the most concerning to bull at this point...back tested rolling over 5 min 900 this AM.
If it goes back under that 200, 5 min time frame could start to accelerate down.
If it can clear an hold 1418, then prospects of holding the hourly 900 would improve greatly for the bulls.
[
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#20
kaiser soze
-
- Traders-Talk User
- 884 posts
Member
Posted 10 July 2020 - 10:36 AM
Hand-to-hand combat between bulls and bears in IWM between 140 and 141.
Long term trend in IWM is down
Intermediate term is up
Short term is down
Very short term is up.
Fundamentals for IWM are poor. But Mike Wilson's team at Morgan Stanley reiterated their bullish stance on cyclicals in their latest missive. The idea is that cost cutting in the last few months positions most cyclical stocks with excellent operating leverage to boost profits for when the economy recovers in 2021/2022.
