pretty deliberate once again. Keep in mind NQ's are at 33 slow stocks and 55 Rsi, I think they give it a slam down until technically oversold on slow stochs Good trap for rookie shorts. If the RSI successfully defends its bullish supprt line at 40, look for a nice bounce. (JMHO)
Saw the selling coming last week but Frdyas action was
Started by
slupert
, Jul 19 2021 06:31 AM
5 replies to this topic
#2
slupert
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Posted 19 July 2021 - 06:46 AM
Watching WYNN for a long trade, ust a trade, but exremely Covid sesnsitive. (JMHO)
#3
slupert
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Posted 19 July 2021 - 08:22 AM
Look at the chart of the 10 year. It bounced exaztly where oversold RSI says it should bounce, so it reeived a technical bounce and its selling again. What would happen of an infrastructure bill is announced? It will probbaly go the other way. I think we are set up for a month of choppy trading. (JMHO)
#4
K Wave
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Posted 19 July 2021 - 08:56 AM
Tesla was perfectly setup to lead another Fang wave down.....along with the fact the market breadth has been disintegrating....
Looks like we may have the breakaway here today.....a solid break of 625 could lead to big ugly
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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#5
pdx5
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I want return OF my money more than return ON my money
Posted 19 July 2021 - 08:56 AM
Infrastructure deal is already agreed upon. It is old news. Sell the news now applies.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#6
K Wave
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Posted 19 July 2021 - 10:14 AM
TSLA coming up for back test of the 15 min pivot line...may be just about to get an important clue........
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
