SOX back to the 2120 breakout level...if it doesn't hold here, then breakout/fakeout reversal a distinct possibility
Edited by K Wave, 31 July 2020 - 09:16 AM.
SPX 3400 or 2900, which way first?
Started by
dTraderB
, Jul 27 2020 05:50 AM
201 replies to this topic
#171
K Wave
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Posted 31 July 2020 - 09:16 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
#172
K Wave
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Posted 31 July 2020 - 09:18 AM
Se what happens next 10 min or so, but if SPX closes first hour under 3240, that would be a pretty ugly opening candle...
Edited by K Wave, 31 July 2020 - 09:18 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
#173
K Wave
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Posted 31 July 2020 - 09:21 AM
May be lights out on TSLA with this opening 60 min candle...
Now we see if bears can take out the 1425 area.
If they do, could get waterfallish...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#174
K Wave
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Posted 31 July 2020 - 09:22 AM
Hourly SOX candle sure starting to look like rising wedge break initiation candle...
Edited by K Wave, 31 July 2020 - 09:22 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
#175
12SPX
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Posted 31 July 2020 - 09:25 AM
Average long now 3236, arggggg! looking for that intraday bounce just to get out now I think lol!!
#176
K Wave
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Posted 31 July 2020 - 09:34 AM
SPX prints one of the uglier candles in quite some time, as it closes first hour below yesterday's base camp....
unless it can get back over 3250 soon, that may have been all she wrote for a while.
If it does mange to get back above 3250, then would be massive fumble on bears part.
In any event, looks like decision time is here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#177
K Wave
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Posted 31 July 2020 - 09:39 AM
SOX holds 1 min 900 first time....
now we see who wants the ball shortly....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#178
salam
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Posted 31 July 2020 - 10:16 AM
Breadth Stinks.
lots of bullish complacency.
Tech holding the panties up .....all fur and no knickers soon.
3/5 of the generals are positive. Amazon, Apple and FB funnily enough, increasing their worth by over $275 Billion.
my FF. finish on the low, for two feel bad Fridays in a row. Down hard Monday
I'm not sure what my future holds... But I know who holds it.
#179
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Posted 31 July 2020 - 10:18 AM
SPX reclaims yesterday's base camp area...
If bulls can step on the gas now, they may have won today's battle...
Edited by K Wave, 31 July 2020 - 10:18 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
#180
12SPX
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Posted 31 July 2020 - 10:20 AM
Agree this day is pathetic considering all the news but with Pomo being so high I'd be surprised if we were down at the close but who knows. Got my average down to 3234, profit stop 3235, whewwww, didn't wanna blow my track record lol!!
