If SPX can continue to go above 4350 tomorrow then the bottom is confirmed ...........................
Edited by redfoliage2, 28 April 2022 - 02:56 PM.
Market Down Big In Front of Possible Changes of European Political Landscape over the Weekend
Started by
redfoliage2
, Apr 22 2022 07:09 PM
42 replies to this topic
#22
redfoliage2
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Posted 28 April 2022 - 05:26 PM
But it's more likely that the Feb. low will not continue to hold .............................
#23
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Posted 29 April 2022 - 10:07 AM
Yesterday traders bought on the rumor of AAPL earnings and today they are selling on the news. It's getting more and more convincing that with the Fed reversing its monetary policy a re-visit by the market to the February low is bound to happen, just a matter of time...............................
Edited by redfoliage2, 29 April 2022 - 10:08 AM.
#24
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Posted 29 April 2022 - 12:20 PM
Yesterday traders bought on the rumor of AAPL earnings and today they are selling on the news. It's getting more and more convincing that with the Fed reversing its monetary policy a re-visit by the market to the February low is bound to happen, just a matter of time...............................
For next week let's see if the Feb. low SPX 4110 - 4115 will hold or not .............................
#25
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Posted 29 April 2022 - 01:11 PM
Today we are seeing a total reversal of yesterday's VST rally, indicating that yesterday's action was clearly a false move .....................
Edited by redfoliage2, 29 April 2022 - 01:11 PM.
#26
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Posted 02 May 2022 - 12:47 PM
It's highly likely for the NDX Feb/March lows to become the new resistance................................
#27
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Posted 02 May 2022 - 12:54 PM
It's highly likely for the NDX Feb/March lows to become the new resistance................................
SPX should follow .....................
#28
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Posted 05 May 2022 - 09:43 AM
It turned out that Mr. Market was able to mount a quick and strong defense on the Feb low support after briefly dipped below it. As long as this support holds dips will be bought .....................
#29
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Posted 06 May 2022 - 11:05 AM
If bears are unable to crash the market here it's highly likely the market is forming a double bottom - better than a V reversal......................................
Edited by redfoliage2, 06 May 2022 - 11:08 AM.
#30
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