SPX 4100 - breakout of BULL FLAG
Posted 27 March 2021 - 01:43 PM
I expect this rally to continue into end month and Quarter - could reach SPX 4199 - but then market dropping sharply.
Adam Mancini (@AdamMancini4) tweeted at 2:15 pm on Sat, Mar 27, 2021:
Have a great weekend! Yesterday, #ES_F broke out of a big, 2 week bull flag. Now, its follow through time.
Plan next week: As long as the backtest at 3940-3920 holds, this targets 4000, 4040, then 4100. Warning though below 3920 = fake breakout and we selloff. Details below $SPX https://t.co/IaAbWxKKej
Posted 27 March 2021 - 01:53 PM
Was This The Fund That Sparked The Massive Media Stock Liquidations Yesterday?
"One person familiar with the matter said Mr. Hwangs fund received a margin call from one of the investment banks not necessarily Morgan Stanley or Goldman Sachs and was unable to meet it.
As a result, that bank and others began to liquidate stocks owned by Archegos.
Is this the start of things to come?"
Posted 27 March 2021 - 01:55 PM
More of the unregistered stock offerings were said to be managed by Morgan Stanley, according to people familiar with the matter, on behalf of one or more undisclosed shareholders.
The result of the massive selling pressure was a bloodbath for Chinese Tech stocks (which was met with an even bigger wall of quant-buying in the last hour of day, as we detailed here)..."
Posted 27 March 2021 - 03:26 PM
The wechat photo says Teng Yue Partners NY blew up. Rumors on Twitter are Archegos Capital aka Tiger Asia also blew up and both got liquidated today via GS prime brokerage and MS Swaps
Snow Lake Capital in HK bought the $BIDU $TME $VIPS blocks
Credit to @Badpak for the help https://t.co/4tN7YmFQtd
Posted 27 March 2021 - 04:10 PM
Some thoughts for next week (3/29-4/2):
1. IMO it all comes down to $QQQ 309, or $NQ_F 12600. Now 313.
2. S&P500 this week has knocked doors 🚪 of 3846 to see whats out there
3. This is some thing I can not take lightly 🤔🤔
4. On any $QQQ Daily (D1) closes below 309, its a short for me on S&P500 on any rips.
5. Now 3935.
Feel free to share my weekly outlook.
Posted 27 March 2021 - 04:15 PM
Something to watch: NYSE Advance-Decline Line still 2057 net advances below March 15 high.
(Why? B/C the legendary Bob Farrell noted in a recent CMT Assn Fill The Gap podcast that breadth divergences have been much briefer recently than they used to be: https://t.co/6Ad0gKr8Q7)https://t.co/LWo4RnHpWu
Posted 28 March 2021 - 07:51 PM
when r u gonna quit quoting all those know nothing goons and go with the nostradamus of stock market directionl.......675ono ....n watch the sky
Send me your forecasts, if profitable I will subscribe
Posted 28 March 2021 - 07:53 PM
Will go long if price action triggers a LONG