Some also call a BIG DROP a CRASH but... not me, unless it is more than 300 SPX points in less than 3 days
BIG DROP (aka CRASH) unless PP & BULLS can hold SPX 4500
Started by
dTraderB
, Dec 03 2021 11:52 AM
112 replies to this topic
#2
redfoliage2
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Posted 03 December 2021 - 12:39 PM
If the PPT get scared they will do something as they still have "other tools" in the box ................................
Edited by redfoliage2, 03 December 2021 - 12:41 PM.
#3
K Wave
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Posted 04 December 2021 - 08:39 AM
Harbinger???
I told my gang to be the heck out of Bitcoin if broke 54K on Friday....
Some things never change...Mayors being paid in bitcoin a few weeks back.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
K Wave
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Posted 04 December 2021 - 08:45 AM
AAPL 160 likely for all the marbles now....Big 5 and Big 10 Fang indexes already looking a bit ugly....
If Apple breached 160...things could rapidly escalate...
Hourly momo gone as price still flirting with the trendline....and the breakout, or oops, fakeout decision about to be made.
A close up look at 5 min chart. If 160 gets blown out, very likely Look Out Below
Edited by K Wave, 04 December 2021 - 08:46 AM.
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
K Wave
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Posted 04 December 2021 - 08:50 AM
And as I way saying the other day, bear 3X FANG fund hourly chart was looking pretty bottomy....
Market not gonna crash without the Mega Caps, and we may finally be in a position where they may start to provide that downside anvil pressure...
$2.50 likely the super key level on this chart going forward.
Back above that, and full blown bear could get under way.....and Apple blowing out 160 could be the key to that happening....
Edited by K Wave, 04 December 2021 - 08:55 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
K Wave
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Posted 04 December 2021 - 08:54 AM
Amazon 3 hour chart...looking more and more like a classic Twin Towers of Doom forming...
Do not think Amazon will survive another trip under 3300 without serious damage....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#7
K Wave
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Posted 04 December 2021 - 08:58 AM
New York Big 10 Fang Index weekly chart sure has the look of a wildly momo divergent failed breakout attempt to it....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
K Wave
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Posted 04 December 2021 - 09:00 AM
And the weekly Fang 5 not looking a whole lot better on the momo front...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
K Wave
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Posted 04 December 2021 - 09:13 AM
I have 4460ish as the big SPX pivot....
If that trend line breaks....after riding it for so long.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
LMF
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Posted 04 December 2021 - 10:31 AM
Im thinking theyre trying to get the SPX AD line down to the 200 day MA again. The old college try. After the COVId 2020 low, thats their best trick. Get it down there for 5 minutes at the most. The problem is this market looks forward, and its seasonally bullish for months. And the Biden agenda is dead in the water at the election next November. It aint priced in yet.
Edited by LMF, 04 December 2021 - 10:32 AM.
