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To Revisit the Low Made Last Week


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#1 redfoliage2

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Posted 18 May 2022 - 12:39 PM

The market looks set to revisit the low made last week  .............................



#2 redfoliage2

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Posted 18 May 2022 - 03:20 PM

However, I bet the Fed won't allow for a crash ...........................



#3 fib_1618

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Posted 18 May 2022 - 03:40 PM

However, I bet the Fed won't allow for a crash ...........................


The marketplace is far too large for any central bank to have any real influence when it’s trending.

 

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#4 MDurkin

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Posted 18 May 2022 - 05:14 PM

My vote is to let this market find it's true value without any influence...but for a bounce- my FF is the lower Keltner at 3718.

 

https://stockcharts.com/public/1300285

 

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#5 pdx5

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Posted 18 May 2022 - 06:51 PM

My vote is to let this market find it's true value without any influence...but for a bounce- my FF is the lower Keltner at 3718.

 

https://stockcharts.com/public/1300285

 

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Wisest words I ever read on this forum. Let the free market decide where stocks should be, not the PPT (Plunge Protection Team).


Edited by pdx5, 18 May 2022 - 06:52 PM.

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#6 redfoliage2

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Posted 19 May 2022 - 10:19 AM

VIX now in red, so more likely we will see a bounce up soon ......................



#7 redfoliage2

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Posted 19 May 2022 - 02:17 PM

My FF is a double bottom here .....................



#8 fib_1618

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Posted 19 May 2022 - 02:35 PM

My FF is a double bottom here .....................

 

The bulls can only hope.

 

Fib


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#9 redfoliage2

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Posted 20 May 2022 - 03:41 PM

What an intra-day reversal today, they must have called it a bottom here .......................


Edited by redfoliage2, 20 May 2022 - 03:47 PM.


#10 redfoliage2

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Posted 22 May 2022 - 07:01 PM

With the big players loaded at the double bottom last Friday I see the upside target is likely SPX 4300 where it double-topped early May ........................


Edited by redfoliage2, 22 May 2022 - 07:02 PM.