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The Elusive BOTTOM - bulls floundering as QT begins


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#31 K Wave

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Posted 06 June 2022 - 09:40 AM

Rusty still battling around 1900..

 

Breaking through and actually holding could be significant event...

 

A pop above and immediate reversal could be swing sell signal...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#32 redfoliage2

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Posted 06 June 2022 - 09:42 AM

This is going to be a classic day, and dips will be bought quickly.  VST we are going to see SPX above 4200  ......................

An inverted H&S pattern was developed from the last week's consolidation on SPX hourly >>> 4220 in VST.  Longer term target 4300 - 4400 ........................


Edited by redfoliage2, 06 June 2022 - 09:48 AM.


#33 K Wave

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Posted 06 June 2022 - 09:53 AM

Trannies test of 14400 after the open is quite likely the big pivot now...

 

Bulls have a chance at a breakout as long as it holds...

 

But if we see a throwover later, mostly likely time to strap back in...

 

djt.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#34 12SPX

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Posted 06 June 2022 - 09:54 AM

Back in short at 4166, profit stop 4165



#35 12SPX

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Posted 06 June 2022 - 10:05 AM

Out for a 1 point profit and back in again starting a short build at 4166 as that 10-year continues to chip over 3%...  profit stop 4165



#36 K Wave

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Posted 06 June 2022 - 10:07 AM

Amazon alert.

 

My wife just told me all her friends are buying it because of the split...

 

The same friends buying Doggy coin at .65+ (well the ones that didn't lose everything anyway)

 

Do with that information as you will...


Edited by K Wave, 06 June 2022 - 10:09 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

 

 


#37 K Wave

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Posted 06 June 2022 - 10:10 AM

And looky where we are on the Daily chart...

 

amzn.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#38 12SPX

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Posted 06 June 2022 - 10:10 AM

profit stop 4155



#39 12SPX

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Posted 06 June 2022 - 10:14 AM

boom profit stop 4150 lol!! 



#40 K Wave

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Posted 06 June 2022 - 10:18 AM

Rusty strarting to get possible throwover look to it after the failure to hold above 1900, and now failure at 1 min line..

 

See if they can go down and take out LOD


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy