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amd blowing out over head resistance


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#21 K Wave

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Posted 23 July 2020 - 09:20 AM

SOX was the only one that managed to make a new high on the Ugly Stick the other day.

 

Am watching it closely here this AM.

If it comes back under 2100 again, then bulls may be outta gas and could see sharp correction., but if it holds firm about here, and then takes out the top of the Ugly Stick, then could be sign bulls still have a final run in the tank on this big leg up...

 

NQ suggesting SOX wont hold, but until it actually breaks down, a bit of caution on the short side still warranted..


Edited by K Wave, 23 July 2020 - 09:21 AM.

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#22 K Wave

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Posted 23 July 2020 - 09:24 AM

AAPL just bounced on 5 min 900 yet again......will this be the time it does not hold??

 

probably real close to a swing moment of truth soon...

finally breached...now we see what bears can do with it....generally this type of rising wedge break can lead to pretty fast corrective action....


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#23 salam

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Posted 23 July 2020 - 09:25 AM

My SP scalp long just stopped out at the 3266 cash area.

 

now net short 


I'm not sure what my future holds... But I know who holds it.

#24 salam

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Posted 23 July 2020 - 09:27 AM

Added short ES 3260. 7 point stop 

 

nice reversal. Selling the news.......


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#25 K Wave

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Posted 23 July 2020 - 09:27 AM

TSLA coming up for back test of of broken 1 min 900.

 

If bears are about to launch a serious attack there, this would be about the place...


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#26 salam

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Posted 23 July 2020 - 09:34 AM

Added 3265.

 

Stop now on HOD 


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#27 K Wave

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Posted 23 July 2020 - 09:50 AM

SOX still holding just fine....if it blows out 2120, then likely going quite a bit higher in possible blowoff move...


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#28 K Wave

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Posted 23 July 2020 - 09:54 AM

OK...there's 2120 area pivot...now we see who wants the ball...


Edited by K Wave, 23 July 2020 - 09:54 AM.

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#29 K Wave

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Posted 23 July 2020 - 09:55 AM

AAPL still falling....fresh lows


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#30 salam

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Posted 23 July 2020 - 10:05 AM

Where are the generals?
 

Intel and Cisco holding us up. Amazon on low for the day too 

 

 

ps my Av ES short 3266.6! 
 

Vix ETF in Healthy profit 


Edited by salam, 23 July 2020 - 10:07 AM.

I'm not sure what my future holds... But I know who holds it.