UVXY 1 min with some classic bear chart action thus far.
If the trendline gets taken out after a bounce, then could start to get quite ugly on UVXY...
bollinger bands pinching on the dow
Started by
gannman
, Jul 10 2020 07:41 AM
46 replies to this topic
#31
K Wave
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Posted 10 July 2020 - 11:21 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
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Posted 10 July 2020 - 11:23 AM
UVXY 5 min look
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
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Posted 10 July 2020 - 11:36 AM
next few minutes perhaps for all the marbles....
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
kaiser soze
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Posted 10 July 2020 - 11:46 AM
It appears the big funds intend to distribute under the cover of choppy action. If true, price action like Wednesday and today may become the norm.
I'm guessing the markets will be increasingly hard to trade (esp. to find good entries and exits), and will likely not be synchronous (i.e. different indices doing their own thing).
#35
K Wave
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Posted 10 July 2020 - 11:46 AM
So far so good for bulls.. now they need to step on the 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
#36
K Wave
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Posted 10 July 2020 - 11:52 AM
That last pivot set on Dow likely very important now.....bulls get benefit of doubt until bears take it out...
Edited by K Wave, 10 July 2020 - 11:52 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
#37
K Wave
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Posted 10 July 2020 - 11:53 AM
Trannies right back up to highs
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
kaiser soze
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Posted 10 July 2020 - 11:54 AM
Momo small-cap software stocks that have led the Nasdaq and produced more stellar returns than even FAANGM such as LVGO, DDOG, DOCU, AYX, SHOP, TWLO, OKTA, COUP, CRWD, WORK, NET, ZM, TWOU, TTD all down between 1 and 2 % today on strong volume.
#39
kaiser soze
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Posted 10 July 2020 - 12:15 PM
ZM, PTON and NET are up nicely but the rest are still down.
#40
K Wave
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Posted 10 July 2020 - 12:37 PM
XLF back up the bottom of the island area from the 6th...
important area to watch on that one.
If the island gets reclaimed by bulls, then big bottom may be in there...
Edited by K Wave, 10 July 2020 - 12:38 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
