We should see SPX 4180 in a few days .............
My FF for ST SPX
Started by
redfoliage2
, May 19 2021 08:29 PM
31 replies to this topic
#2
slupert
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Posted 20 May 2021 - 05:01 AM
Yesterday was obviously good for the bulls, however, maybe all we are seeing is lower highs lower lows emerging in fron tof us. I still think the high for the year was in a few weeks ago. (JMHO)
#3
slupert
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Posted 20 May 2021 - 07:13 AM
I'm long AMD and the NQ;s from yesterday, today is AMAT, its been abundantly clear that this market isn't going anywhere, with out Semis,and software, I love Amat, we need a spark for a pop, if software comes a long, we could see some fast action up. (i am not a big fan of software now). Watch Amat! JMHO
#4
slupert
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Posted 20 May 2021 - 07:21 AM
I'm long AMD and the NQ;s from yesterday, today is AMAT, its been abundantly clear that this market isn't going anywhere, with out Semis,and software, I love Amat, we need a spark for a pop, if software comes a long, we could see some fast action up. (i am not a big fan of software now). Watch Amat! JMHO
My onky concern really is AMAT saying something that would lead the market to conclude the chip shortage will last longer.
#5
LMF
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Posted 20 May 2021 - 10:28 AM
The main thing Ive seen this month is an increased level of SPY pullbacks with the bond market TLT also down. And one day May 12 where gold was down on top of that. These are known fake out conditions that will probably be completely reversed soon enough. I go to neutral in these conditions, not bearish at all. The TQQQ 60 min upwave triggered about mid session on the 17th.
#7
redfoliage2
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Posted 20 May 2021 - 02:40 PM
Should be there or higher tomorrow. Likely to gap up again...................
Edited by redfoliage2, 20 May 2021 - 02:48 PM.
#8
redfoliage2
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Posted 20 May 2021 - 04:31 PM
I noticed there was an NYMO divergence at the double bottom, so the market currently is on a very bullish configuration ........................
Edited by redfoliage2, 20 May 2021 - 04:36 PM.
#9
redfoliage2
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Posted 20 May 2021 - 05:42 PM
I noticed there was an NYMO divergence at the double bottom, so the market currently is on a very bullish configuration ........................
In addition, SPX today had a bullish island reversal from the double bottom. I don't know how often we could see these bullish configurations happening together. It looks SPX going to rise another 50 points tomorrow .............................
Edited by redfoliage2, 20 May 2021 - 05:52 PM.
#10
redfoliage2
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Posted 20 May 2021 - 07:14 PM
Nikkei is following US market higher, and expect DAX to do the same ..........................
