TSLA testing low of day...looking more like a pop fly than a home run
BARRON'S 2nd-lowest % BULLS: "That is not a contrarian buy signal"
Started by
dTraderB
, Apr 23 2022 09:20 AM
462 replies to this topic
#421
K Wave
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Posted 29 April 2022 - 01:07 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#422
dTraderB
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Posted 29 April 2022 - 01:10 PM
Only 11 left!
UVXY now above 17!
Want to close all UVXY today if UVXY trades 18
Closed more
now holding 15
Closed a few more UVXY CALLS
now holding 19
#423
kaiser soze
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Posted 29 April 2022 - 01:11 PM
AMZN now in 2461-2475 support region. High likelihood of a bounce in AMZN and broader tech complex. But if doesn't bounce, then watch out !
#424
K Wave
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Posted 29 April 2022 - 01:12 PM
Rusty rejected 1900 again....
now we see if bears can keep it or not...
Since the SPX rejection at 4210 @1:40 pm, IWM looking way weaker than other index etfs.
IWM was down a mere 0.3% at noon, now down 1.7%
Rusty been leading the way down since the big throwover top...
If it does indeed let go here today, this 3 of 3 of 3 of wave could be big...1800 seems doable as long it remains under 1900.
back above 1900 again, bears may have run outta gas, and the sentiment issues could finally start to take hold...
So looking for either a 1900 recapture soon, or a wipeout into final low for a while.
Apple blowing out 159 would lend more credence to the wipeout option...
Edited by K Wave, 29 April 2022 - 01:12 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#425
redfoliage2
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Posted 29 April 2022 - 01:17 PM
Rusty rejected 1900 again....
now we see if bears can keep it or not...
Since the SPX rejection at 4210 @1:40 pm, IWM looking way weaker than other index etfs.
IWM was down a mere 0.3% at noon, now down 1.7%
Rusty been leading the way down since the big throwover top...
If it does indeed let go here today, this 3 of 3 of 3 of wave could be big...1800 seems doable as long it remains under 1900.
back above 1900 again, bears may have run outta gas, and the sentiment issues could finally start to take hold...
So looking for either a 1900 recapture soon, or a wipeout into final low for a while.
Apple blowing out 159 would lend more credence to the wipeout option...
I bet AAPL to go below 159 before long, nowhere to hide as we are entering a bear market .......................
Edited by redfoliage2, 29 April 2022 - 01:21 PM.
#426
K Wave
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Posted 29 April 2022 - 01:18 PM
Are ya feelin' lucky?
TSLA 888
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#427
kaiser soze
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Posted 29 April 2022 - 01:19 PM
Very weak bounce out of AMZN after touching 2465.
If AMZN comes back down and takes out 2461 support, then next significant support is at 2410 !
#428
12SPX
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Posted 29 April 2022 - 01:20 PM
average long now 4190....
#429
K Wave
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Posted 29 April 2022 - 01:23 PM
Softee takin' aim on 280...
unless bulls can reclaim 284 level soon, this drip drip drip there could develop into a serious leak
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#430
dTraderB
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Posted 29 April 2022 - 01:23 PM
BUT, the longer ES trades below 4200 there is a higher probability of a close today below 4150, and even below 4100 ( below 4100?... ?)
OTH, If BULLS can recapture ES 4200 then a face-ripping rally in final hour is possible.
4200 remains the week long magnet in #ES_F, and bulls managed to put in a 25 point there bounce before caving Every other dip below this week has saw a violent snapback rally and so far, this is struggling to break also. Pop above 4200 here would trigger Friday afternoon squeeze
