31 replies to this topic

[redfoliage2]

Dealers Engineered again.

Edited by redfoliage2, 11 September 2020 - 05:25 AM.

[redfoliage2]

Going to above SPX 3400 today ........................

Edited by redfoliage2, 11 September 2020 - 05:30 AM.

[redfoliage2]

Yesterday it was an overreaction to the kill of the skinny stimulus bill in the Senate.  It actually not a bad thing, it's too skinny. Without it, it opens the door for something better ...............

Edited by redfoliage2, 11 September 2020 - 05:54 AM.

[redfoliage2]

Double bottomed with a little higher low yesterday.  Inverted H&S everywhere on the hourlys.  SPX is likely to back-test the recent "top" above 3500 next week ..............

Edited by redfoliage2, 11 September 2020 - 06:10 AM.

[redfoliage2]

BTW, the Fed is to meet early next week and often it's a big up week for OpEx with a Fed meeting.........................

Edited by redfoliage2, 11 September 2020 - 06:21 AM.

[q4wer]

911 up day turned into a crash day possibly

[redfoliage2]

911 up day turned into a crash day possibly

After 2001 most of the 911 day was up day.................

[redfoliage2]

This could be the last day for this correction .......................

Edited by redfoliage2, 11 September 2020 - 09:28 AM.

[12SPX]

It better not!!  I've still got a sore spot that the market sold off hard after it reopened following 9/11.  It should've been way higher showing strength and traders being patriotic!  Instead they were like wimps!  All I did was buy that day and then who was laughing!  On my fourth long of the day so far looking like at least 13 points so far!!  buy buy buy!!! 

[K Wave]

911 up day turned into a crash day possibly

More likely a big up day as Dow bounces off what should be big time support after the re-test of the low....

 

But if 27400 does indeed get taken out, then possibility for ugliness.

But so far breadth looking pretty good, not fantastic, but ok. Will be looking to see if it starts to strengthen here shortly