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ST Bottom, Bounce, DOWN again


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#41 12SPX

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Posted 11 January 2022 - 09:57 AM

Your so right K about the mega caps big question is will "they" allow them to fall just yet.  Nonetheless for now my average long is 4645...



#42 K Wave

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Posted 11 January 2022 - 09:58 AM

Keep yer eye on Rusty...

 

If yesterday's low gets taken out, possible rapid rupture after the big Breakout...oops... Fakeout top...

 

RUT.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#43 K Wave

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Posted 11 January 2022 - 10:00 AM

Your so right K about the mega caps big question is will "they" allow them to fall just yet.  Nonetheless for now my average long is 4645...

Once Amazon CLOSES under 3175...high likelihood of extreme ugliness...

 

See if bulls can engineer yet another stick save...I am real doubtful this time around...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#44 K Wave

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Posted 11 January 2022 - 10:03 AM

Amazon with the Gap Fill...now we see....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#45 K Wave

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Posted 11 January 2022 - 10:08 AM

Back below 3240 on AMZN now would be in serious danger zone....

 

If bulls can't keep the pedal to floor here today...................


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#46 12SPX

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Posted 11 January 2022 - 10:09 AM

Love your charts btw, profit stop 4648, will buy lower....



#47 12SPX

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Posted 11 January 2022 - 10:14 AM

Changed my mind gonna go with profit stop 4546, think we'll hold here....



#48 12SPX

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Posted 11 January 2022 - 10:17 AM

Rats out for a 1 point profit back in starting a build at 4645....



#49 K Wave

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Posted 11 January 2022 - 11:12 AM

SPX 3 min now looking like controlling time frame short term...perhaps something like this?

 

I do think real good chance SPX at least tests the 200 day MA down there at 4400 area sooner than later...

 

spx.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#50 12SPX

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Posted 11 January 2022 - 11:17 AM

There we go lets get this baby over 4700 once again, profit stop 4655!!