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SPX 4100 - breakout of BULL FLAG


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#1 dTraderB

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Posted 27 March 2021 - 01:43 PM

Adam thinks so, with support holding.
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

(https://twitter.com/...6226580482?s=03)

#2 dTraderB

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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?"

https://www.zerohedg...-yesterday?s=03

#3 dTraderB

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Posted 27 March 2021 - 01:55 PM

"Bloomberg is reporting more details on the mysterious block trades this morning, noting that Goldman Sachs was responsible, as the prime broker, for dumping the majority of the blocks (including $6.6 billion worth of shares of Baidu, Tencent Music, and Vipshop; followed by the sale of $3.9 billion of shares in ViacomCBS, Discovery, Farfetch, iQiyi, and GSX Techedu).

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)..."


https://www.zerohedg...-yesterday?s=03

#4 dTraderB

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Posted 27 March 2021 - 03:25 PM

Barbarian Capital (@BarbarianCap) tweeted at 10:23 pm on Fri, Mar 26, 2021:
EXCLUSIVE: Tiger Cub Archegos Liquidation Triggers Record Crash in Discovery, ViacomCBS Sources
https://t.co/CXRgdys1Yg

(https://twitter.com/...5515692032?s=03)

#5 dTraderB

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Posted 27 March 2021 - 03:26 PM

DW3p4c (@DW3p4c) tweeted at 8:32 pm on Fri, Mar 26, 2021:
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
(https://twitter.com/...3199227905?s=03)

#6 dTraderB

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Posted 27 March 2021 - 04:10 PM

TIC TOC ORDERFLOW
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.

#7 dTraderB

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Posted 27 March 2021 - 04:15 PM

Walter Deemer (@WalterDeemer) tweeted at 0:07 pm on Sat, Mar 27, 2021:
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

#8 da_cheif

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Posted 27 March 2021 - 11:17 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



#9 dTraderB

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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

#10 dTraderB

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Posted 28 March 2021 - 07:53 PM

My CCI 10 ON MY 5minute NQ CHART IS showing bullish divergence but it is still below -100

Will go long if price action triggers a LONG