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Friday AM might be a very interesting session


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#1 Chilidawgz

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Posted 08 October 2021 - 04:27 AM

hanging.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#2 K Wave

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Posted 08 October 2021 - 10:15 AM

Its all about the creek jump area 4370 on SPX.

 

As long as bulls hold above, we could have a significant turn back upside on our hands.

 

But back below would be first sign of possible bigger trouble than we have already seen...

 

5 Min SP look

sp5.png

 

Hourly SP look...should the right shoulder of the inverse H&S get busted, that would likely be very no bueno.

But right now, still looking like bulls have made a nice turn at intermediate support zone.

 

sp60.png

 

 



#3 gannman

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Posted 08 October 2021 - 12:07 PM

i hear you chilly i am watching the same stuff. next week has the chance to be an important top


feeling mellow with the yellow metal


#4 Chilidawgz

Chilidawgz

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Posted 08 October 2021 - 01:57 PM

i hear you chilly i am watching the same stuff. next week has the chance to be an important top

I actually trade off two hour and daily charts. I am not an options/day trader as many are on this site, more of a swing trader. My main purchases have been gold shares the last several days. (FVN, SAND & GDX)  On a daily/weekly time frame miners are deeply oversold.

 

 Looking back at the SPX weekly, it appears we have made a top.

 

week.jpg

 

daily.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil