31 replies to this topic

[PrintFaster]

TLT has 25% of its float sold short.

 

Should see a huge move soon.

 

[redfoliage2]

 

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 .............................

 

It looks the rally from the bullish setup was just delayed for the OpEx game, but it's coming  ...........................

Edited by redfoliage2, 23 May 2021 - 08:35 PM.

[redfoliage2]

NQ leading the overnight index futures rally and there must be a reason behind it - it's in the process of catching up.  I see NAZ will make new highs before long ....................

Edited by redfoliage2, 24 May 2021 - 07:49 AM.

[redfoliage2]

 

 

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 .............................

 

It looks the rally from the bullish setup was just delayed for the OpEx game, but it's coming  ...........................

 

If not much profit taking by day traders late in the day we should see NYMO above zero after close  .........................

[redfoliage2]

Even with day traders taking profit late in the session NYMO went up and crossed mid line to positive 10.7, the swing bottom was confirmed.  We should see another gap up tomorrow...............

Edited by redfoliage2, 24 May 2021 - 05:30 PM.

[redfoliage2]

It's healthy for the market to have some consolidation after rising about 150 SPX points in five days from the bottom low,  I bet dips will be bought .............................

Edited by redfoliage2, 25 May 2021 - 03:54 PM.

[redfoliage2]

Internals very strong today and ST we should should see stock market rally to continue .....................

Edited by redfoliage2, 26 May 2021 - 02:26 PM.

[redfoliage2]

It looks another leg higher before the week ends ......................

[redfoliage2]

Much improvement in NYHL today.  Bulls flexing muscles after the close on SPX futures, likely to see a gap-up tomorrow ........................

Edited by redfoliage2, 27 May 2021 - 03:52 PM.

[redfoliage2]

A bullish reversal in the McClellan Summation Index (MSI) happened yesterday since it went down May 10th, indicating the current stock market rally should continue into June ................................

Edited by redfoliage2, 28 May 2021 - 10:29 AM.