280 replies to this topic

[dTraderB]

LOL is the initial reaction 

But it could be possible if SPX makes a low below 4200

 

Great week, frenetic, tiring, but very profitable

 

"Summary

• Four macroeconomic indicators rang the alarm before every recession since 1950.
• Sustained bear markets in equities unfolded in recessions only.
• The macro indicators are not flashing warning signals yet.
• The S&P 500 remains on target for 5000-5200."

 

https://seekingalpha...ity-of-the-year

[dTraderB]

BAD NEWS PEAK this week? Sharp fall then rally?

"... bad news is that support at the 200-dma failed.

That break aligned with our discussion two weeks ago. At that time, we suggested using any rally to reduce risk and rebalance portfolios.

“This analysis continues to suggest any rally that occurs will likely:

1. Fail at a lower high / resistance level; and,
2. The subsequent decline will potentially retest or break recent lows.

With the market sliding on Friday and breaking the 200-dma and our money flow indicator starting to turn negative, such suggests a retest of January lows is a rising probability:

https://realinvestme...ehind-the-curve

 

[dTraderB]

Adam Mancini@AdamMancini4·6m

One thing certain about 2022 is its been a marked shift to a more volatile regime with 80-100 point days both ways common. Day Trading needs to adjust to it: For me, means smaller size, wider stops & tactical, level-to-level trades taking profits fast until clear trend re-starts

[dTraderB]

Adam Mancini@AdamMancini4·Feb 12

Have a great weekend! Headline heavy week (& more ahead) but 0 coincidence where #ES_F closed: At its core trendline from Jan low. Decision Time

 

Plan next week: Looking for 4460. It clears, Friday was bear trap & we run. Rejects to lose 4400: Its "sell the bounce" to 4275, 4160s

[brucekeller]

seekingalpha is usually a good source to fade, them and Motley Fool

[K Wave]

Watch rusty over next few hours....IF it loses this pivot...LOB

 

[K Wave]

How Rusty acts 1 back test of the broken 1 min line could decide the ballgame....

 

[orange]

seekingalpha is usually a good source to fade, them and Motley Fool

Motley fool, one of the worst advice sites out there.

[K Wave]

And as was expected...1 min did the trick...

 

That is likely your BIG pivot going forward...bulls reclaim that and they got a shot...if not, could get super ugly....

 

[K Wave]

Hourly still in full bear mode....