SOX still hangin' tough at the 2200 pivot....
Until bears can break that, would not get over excited about any drops elsewhere....
Posted 14 August 2020 - 08:36 AM
SOX still hangin' tough at the 2200 pivot....
Until bears can break that, would not get over excited about any drops elsewhere....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 August 2020 - 08:49 AM
Potenitially ugly little reversal on NDX....now we see if SOX about to give the Big Finga to 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
Posted 14 August 2020 - 09:05 AM
watching this 454-455 area on AAPL...bulls need to hold it...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 August 2020 - 09:19 AM
AAPL real close to confirming 3 drive top breakout/fakeout...
could be big moment of truth dead ahead..
If bears are unsuccessful in their attempt, then AAPL may headed to 500.
But if bears are successful, could be elevator drop dead ahead...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 August 2020 - 09:20 AM
SOX back down to 2200.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 August 2020 - 09:30 AM
Ugly looking long tailed 1st hour candle on SOX...now it is all about whether bears can get the follow through red ones to print...
Edited by K Wave, 14 August 2020 - 09:33 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
Posted 14 August 2020 - 11:10 AM
Ugly looking long tailed 1st hour candle on SOX...now it is all about whether bears can get the follow through red ones to print...
Bears lack conviction, VIX & VXX relatively extremely high with SPX near ATHs - bullish still
buying dips still
but market overextended to breaking point
who will break first?
bulls will but when all criteria are met
Posted 14 August 2020 - 11:13 AM
Posted 14 August 2020 - 11:13 AM
SOX running along 2200....if bears cant bust through this time down, they may be outta time...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 August 2020 - 11:22 AM
SPX oh so slowly trying to turn 1 min 900 from support into resistance
If this drop attempt does not start to pull away from the 1 min 900 downside real soon, then bulls are likely to reclaim the pivot zone...
If they do, then the ATH may finally be taken out.
probably don't have to wait a whole lot longer for some directional 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