I think we have 380 for spy and 280 for qqq as potential bottoms but gotta go down again for the double bottom. Volume on Friday's reversal was weak, all of it was the last min at the top / close.
To Revisit the Low Made Last Week
#11
Posted 23 May 2022 - 03:57 AM
#12
Posted 24 May 2022 - 03:17 PM
Bulls were able to launch a counterattack late in the day, that simply says bulls are still in control and today's bear attack failed ...........................
Edited by redfoliage2, 24 May 2022 - 03:19 PM.
#13
Posted 25 May 2022 - 09:48 AM
Looking at SPX charts (both hourly and daily) I expect a breakout to above the down trend line later today or tomorrow ..........................
Edited by redfoliage2, 25 May 2022 - 09:50 AM.
#14
Posted 25 May 2022 - 10:14 AM
BTW, an inverted H&S pattern formed on SPX hourly chart, that is a very bullish signal ..........................
#15
Posted 25 May 2022 - 12:08 PM
Just looked and from the bottom this is the 3rd one isn't it though?
#16
Posted 25 May 2022 - 02:58 PM
So bulls in control in the day and bears at night....................
#17
Posted 26 May 2022 - 02:59 PM
Both SPX and NDX hourly charts indicating a pullback tomorrow ...................
Edited by redfoliage2, 26 May 2022 - 03:00 PM.
#18
Posted 31 May 2022 - 08:56 AM
At this juncture dips will be bought, this is not the end of the rally.....................
#19
Posted 31 May 2022 - 09:09 AM
AMNZ rules the market. Whichever way it'll go, so will the market follow.
#20
Posted 31 May 2022 - 09:46 AM
AMNZ could go to 2700 post split equivalent----$135 per share.. All this while retail sector goes into recession. Ultimately it's going to $70 per share.
Edited by linrom1, 31 May 2022 - 09:51 AM.