This back test on SOX could be for all the marbles...
IF bulls do manage to reclaim 3K, would be a positive sign.
But failure here, and then fresh lows..................
"FED" RECESSION has begun? TECH BROKEN...
Started by
dTraderB
, Apr 28 2022 04:07 PM
385 replies to this topic
#301
K Wave
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Posted 06 May 2022 - 09:12 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#302
12SPX
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Posted 06 May 2022 - 09:16 AM
One thing I can't wait for is when options get back to normal pricing once again. I think people are desperate personally as I can't believe what they are paying for these put prices. Another factor is after today we have 10 days to expiration and we are so low for this cycle its hard to believe we could go much lower. There is far more of a chance of a massive rally happening at any moment the way were setting up so I'd keep those bearish trade stops tight!!
#303
K Wave
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Posted 06 May 2022 - 09:17 AM
17 level on SPXU still looking real key....
If it just flags here above 17, still potential for real ugliness.
A throwover of that level OTOH, could be just what doctor ordered for bulls...
Edited by K Wave, 06 May 2022 - 09:17 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#304
12SPX
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Posted 06 May 2022 - 09:17 AM
Although maybe I should be worried not one person on here has said crash yet lol!!!!
#305
dTraderB
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Posted 06 May 2022 - 09:19 AM
ES 3rd hedge short 4105
rapid rally from low!
got to add 3rd HEDGE NQ SHORT 12820
#306
12SPX
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Posted 06 May 2022 - 09:19 AM
Well isn't that interesting, Apple and Amazon has gone green, must've been my Fanmg comments lol!!
#307
dTraderB
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Posted 06 May 2022 - 09:19 AM
rally 2 to 3 % from lows today and then drop into the close
Any takers for a turnaround Friday, there are 5 Fed officials speaking today!! Right near the old lows, even Fanmg stocks are looking pretty good value wise...
#308
K Wave
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Posted 06 May 2022 - 09:20 AM
and there's the back test of 17...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
#309
K Wave
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Posted 06 May 2022 - 09:22 AM
Well isn't that interesting, Apple and Amazon has gone green, must've been my Fanmg comments lol!!
right to...you guessed it...159....now we see it that holds as the high for the day or not...
IF not, then bulls might actually have ace up their sleeve...
Edited by K Wave, 06 May 2022 - 09:27 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#310
redfoliage2
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Posted 06 May 2022 - 09:30 AM
If bears unable to crash the market today another big bounce is in the cards for next week. Usually huge spikes up and down when bottoming ..............................
Edited by redfoliage2, 06 May 2022 - 09:34 AM.
