Tran RUT and NYA SOX have all already taken out yesterday swing high...painting the DOW down today, instead of the usual up?
SPX 3400 or 2900, which way first?
Started by
dTraderB
, Jul 27 2020 05:50 AM
201 replies to this topic
#81
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Posted 29 July 2020 - 09:06 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
#82
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Posted 29 July 2020 - 09:17 AM
Like I said before, the potential for big time Cup With Handle liftoff formation was there on Trannies.
Just took out the top of the handle.....
Looks like a total liftoff move from a hugely pivotal spot to me thus far.
If there is a dip after Fed, and Trannies do not entirely reverse this move, then likely bears are toast.
Once Davey Day Trader island gets taken out, should be off to the races for 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
#83
12SPX
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Posted 29 July 2020 - 09:35 AM
Caught average trade now 3230, keep er building for now....
#84
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Posted 29 July 2020 - 09:52 AM
And now SPX takes out yesterday swing high...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#85
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Posted 29 July 2020 - 09:56 AM
What happens after fed today could be quite pivotal action....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#86
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Posted 29 July 2020 - 09:57 AM
SOX approaching 2100 again after the Gap Reclaim of 2075
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#87
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Posted 29 July 2020 - 10:09 AM
TSLA wedging at 1500 area...
The fact that they were not able to keep it under 1480 for more than few minutes is potentially bullish for near term...
Now they need to get it back over 1510 to perhaps get one more big swing up under way.
Back below 1480 again would likely be problematic for 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
#88
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Posted 29 July 2020 - 10:36 AM
That last 2 hour stick on Trannies could turn to be the most pivotal stick of the next few months.
Was not quite able close it completely above the handle, so now it is all about follow through.
Nice kink up on momo above zero line is encouraging for 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
#89
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Posted 29 July 2020 - 10:48 AM
SOX sets the pivot at 2100....
So now we wait and see who wins the battle of 2075 & 2100 likely later today....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#90
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Posted 29 July 2020 - 12:28 PM
Okay average short now 3235, see how the rest of the day goes before deciding more maybe
