9 replies to this topic

[andr99]

....or maybe another short red bar needed ?  Rise to resume today or next week.....imo

[redfoliage2]

....or maybe another short red bar needed ?  Rise to resume today or next week.....imo

I see  a ST bottom is due here, but let's see if the gap-up will hold or not by 2 pm ...............................

Edited by redfoliage2, 05 March 2021 - 09:35 AM.

[slupert]

If they sell the close today, its a good set up for gap down Monday. Could get ugly possible ST bottom at 293. (JMHO 

[q4wer]

293 is for QQQ ?

[slupert]

293 is for QQQ ?

yep. they've covered for lunch now, bringing it up a little, butI have a hard to,e seeing them holding over the weekend. There is no reall support until that 293 level, unless they reclaim the 13000 level today, which I seriously doubt.

[slupert]

Nice rally.

[12SPX]

I'll be surprised if they sell it into the close but nonetheless I have my profit stops on lol!  If they do hopefully, hopefully there is a gap down Monday.

[redfoliage2]

 

293 is for QQQ ?

yep. they've covered for lunch now, bringing it up a little, butI have a hard to,e seeing them holding over the weekend. There is no reall support until that 293 level, unless they reclaim the 13000 level today, which I seriously doubt.

 

There is news pending over the weekend that the Senator is to pass the relief bill.  Shorts better cover before 4 pm today.  There could be a repeat of last Monday with SPX up 90-100 points .................

Edited by redfoliage2, 05 March 2021 - 12:39 PM.

[redfoliage2]

What we got here today is an intra-day reversal after a classic back-fill of the gap, that usually has a big follow up day..................

Edited by redfoliage2, 05 March 2021 - 02:03 PM.

[redfoliage2]

BTW, I see VIX to drop more toward the close today  ................