My guess is we just saw last gasp at 110 a few min ago, or 110 eventually gets taken out tonight, and bulls give it a go for a a bit...
This wedgie should just about be done...
SPX, oil update May.21 on cycles and scenarios
Started by
bigbud
, May 21 2022 05:57 AM
16 replies to this topic
#11
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 24 May 2022 - 07:04 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
#12
bigbud
-
- Traders-Talk User
- 535 posts
Member
Posted 25 May 2022 - 04:00 AM
Was this the last push in EQNR (Norways largest oil company) ?
Youtube JBCycles
#13
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 25 May 2022 - 06:21 AM
Crude bulls thus far not gettin' very far..
May just fall of a cliff here at 110 soon if bull cant achieve liftoff real soon
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#14
bigbud
-
- Traders-Talk User
- 535 posts
Member
#15
bigbud
-
- Traders-Talk User
- 535 posts
Member
Posted 27 May 2022 - 01:14 AM
the large number of days below 20MA favored a break above, which we got on Thursday.
This now may be a bearflag below the neckline ~4100, and turn down from here. Or we could get a bigger bounce up to 4200-4300. The cycle favors down, but may invert and give us a shoulder-top in June
Youtube JBCycles
#16
12SPX
-
- Traders-Talk User
- 12,463 posts
Member
Posted 27 May 2022 - 07:31 AM
And just like that average short 4065 lol! Nice pop now we'll see what happens overall!!
#17
12SPX
-
- Traders-Talk User
- 12,463 posts
Member
Posted 27 May 2022 - 07:39 AM
And now going into the cash open my average short is 4068....
