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Reality hitting the markets


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#11 Dex

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Posted 11 September 2020 - 06:56 PM

Today's action tells me the realization is slowly creeping in. Don't expect a dramatic sell off.

expect a slow grind lower?
Yes
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#12 steadyquest

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Posted 13 September 2020 - 11:31 AM

Scratching my head as to how an initial 3 day 11% NDX decline accords with a slow grind lower.



#13 Dex

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Posted 13 September 2020 - 11:56 AM

Scratching my head as to how an initial 3 day 11% NDX decline accords with a slow grind lower.

New day trader and new Robinhooders will be buying the dips.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#14 SemiBizz

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Posted 13 September 2020 - 12:35 PM

To summarize... the charts coming into the week were all headed for a test of the Lower Bollingers...

 

Tuesday afternoon, that move was mitigated and repaired by a (RIGGED) TEST of the ES Lower Bollinger in Afterhours... result, the market accepted that as a valid test and up we went on Wednesday...

 

The bearish objective here is to BREAK AND HOLD the LOWER BBs - Failed last week, failed this week.... WITH ONE EXCEPTION

 

RUT closed UNDER the LOWER BB 3/4 days this week including Friday...

 

Now we're not that far from those lower BBs in these indices, but against the backdrop of the (RIGGED) FOMC/OPEX Knockout Combo, it could be tough.


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#15 Chilidawgz

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Posted 13 September 2020 - 03:03 PM

Markets will have to turn the advancers vs decliners up or price action will continue down:

 

NYAD.jpg

 

naad.jpg


Anything can happen...what's happening now?
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#16 steadyquest

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Posted 13 September 2020 - 04:39 PM

"New day trader and new Robinhooders will be buying the dips."

 

But what if they quickly adapt and start selling the rips?



#17 SemiBizz

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Posted 14 September 2020 - 01:10 PM

NASDAQ - Best Breadth today since 7/15

 

Markets will have to turn the advancers vs decliners up or price action will continue down:

 

NYAD.jpg

 

naad.jpg


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics