55 replies to this topic

[redfoliage2]

ST I see it's very likely that SPX will retest the 200 dma around 4444, let's see if it will hold or not .....................

Before this is done it's likely just drifting around with no directions ..................

Edited by redfoliage2, 04 February 2022 - 11:00 AM.

[redfoliage2]

But it's drifting higher anyway as ES did testing 200 dma just before cash open ............................... 

Edited by redfoliage2, 04 February 2022 - 01:09 PM.

[redfoliage2]

Now it's likely a bounce is in the cards early next week ....................

[redfoliage2]

Now it's likely a bounce is in the cards early next week ....................

 

We may have seen a low here after the wild two-day consolidation .....................

Edited by redfoliage2, 04 February 2022 - 03:00 PM.

[redfoliage2]

I see more likely than not Mr. Market will back test SPX 50 dma currently at 4615 ...................

Edited by redfoliage2, 07 February 2022 - 09:57 AM.

[redfoliage2]

I see more likely than not Mr. Market will back test SPX 50 dma currently at 4615 ...................

Anything before it just noise .........................

[redfoliage2]

So far so good.  But tomorrow's CPI is a wild card ...........................

[redfoliage2]

CPI data worse than expected.  With the 10-year yield going higher stocks under selling pressure.  I'd take some profit at this juncture .......................

Edited by redfoliage2, 10 February 2022 - 10:29 AM.

[redfoliage2]

However, I see today's dip is likely to be bought again.........................

[redfoliage2]

However, I see today's dip is likely to be bought again.........................

For now just let this consolidation run thru ............................

Edited by redfoliage2, 10 February 2022 - 03:11 PM.