195 replies to this topic

[K Wave]

Crude into the red...big ol' long tailed Bearish Engulfing still a possibility...

[K Wave]

And there's the Engulf....now can bears make it stick?

 

That's one looooong tail if they do...

Edited by K Wave, 31 May 2022 - 12:58 PM.

[K Wave]

Long tails are generally not to be trifled with at big swing pivots...

[redfoliage2]

It looks just filling the opening gap.  Likely to resume going higher.  What's going on with the EU embargo on Russia oil?

Edited by redfoliage2, 31 May 2022 - 01:08 PM.

[K Wave]

It looks just filling the opening gap.  Likely to resume going higher.  What's going on with the EU embargo on Russia oil?

Have you read the actual details? More bark than bite..

 

In any event. seems like classic "sell the news" setup..

 

113 next key level, then 110....

[redfoliage2]

BTW, expect EOM fund portfolio re-balance late in the afternoon, likely selling before the close...................  

Edited by redfoliage2, 31 May 2022 - 01:29 PM.

[K Wave]

Finally seeing first signs of tiredness on Trannies...

 

Now we see if bears can actually roll it back over...

[redfoliage2]

 

It looks just filling the opening gap.  Likely to resume going higher.  What's going on with the EU embargo on Russia oil?

Have you read the actual details? More bark than bite..

 

In any event. seems like classic "sell the news" setup..

 

113 next key level, then 110....

 

Maybe by this:

https://www.investin...imports-2831729

Edited by redfoliage2, 31 May 2022 - 01:42 PM.

[K Wave]

Finally seeing first signs of tiredness on Trannies...

 

Now we see if bears can actually roll it back over...

And there is a quick 100...but bears gotta bust through 14300 to get anything actually going.

[redfoliage2]

The month of May ended positive, and today it just confirms that bulls are still in control.  Expect the rally to go on  ............................

Edited by redfoliage2, 31 May 2022 - 03:15 PM.