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THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


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#931 K Wave

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Posted 06 May 2021 - 10:16 AM

Naz decliners back over 3K again...the total breadth destruction there over the past few months has been pretty incredible...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#932 K Wave

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Posted 06 May 2021 - 10:19 AM

15, 30, 60 pviot lines all within about $1.50 of each other on AAPL now

 

Big synchronous event likely very soon...

 

Currently below both 15 and 30...if the hourly at 127 gives way......


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#933 K Wave

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Posted 06 May 2021 - 10:21 AM

And Dow fights off the bears again....

 

Until it actually gives up, still have to be wary about potential reversal


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#934 K Wave

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Posted 06 May 2021 - 10:24 AM

FAANG tracker still holding 4700 after 3 attempts down...

 

IF / When that level is actually broken, that be the time to queue up Kenny Loggins...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#935 K Wave

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Posted 06 May 2021 - 10:29 AM

SILJ smokin'

 

I will be really surprised if this fails to hold now....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#936 K Wave

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Posted 06 May 2021 - 10:32 AM

SILJ after first 2 hour bar

 

silj.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#937 K Wave

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Posted 06 May 2021 - 10:37 AM

TSLA back testing the pivot at 660....could be revealing action 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

 

 


#938 K Wave

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Posted 06 May 2021 - 10:38 AM

SPX back above 4175....

 

If this sticks, bears may have fumbled the ball...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#939 K Wave

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Posted 06 May 2021 - 10:40 AM

VIX breaking down pretty hard...

 

If it gets back below 18.5, bulls have likely pulled off the stick save..


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#940 K Wave

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Posted 06 May 2021 - 10:52 AM

SPX looking quite a bit better...now looking to see if RUT can reclaim 2240...if so, potenttial for bottom/turn grows

 

FAANG tracker is all about who wins the battle for 4700 or 4800 now....

 

Covered all shorts a bit ago until pic clears up a bit more.

 

But bulls have done what they needed to so far...could still fall apart 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