I see a ST trend reversal is in the cards for next week regardless bears longer term target. ST we are more likely to see SPX 4000 before anything else .............................
Edited by redfoliage2, 17 June 2022 - 01:56 PM.
ST Market
Started by
redfoliage2
, Jun 15 2022 01:53 PM
38 replies to this topic
#22
pdx5
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I want return OF my money more than return ON my money
Posted 17 June 2022 - 08:47 PM
It looks that buying programs running again after a pause yesterday..................
Are bears still looking for SPX 3500?
Hahaha you remembered the 3500 but forgot the time line.
All these FF of prices without time line are as useless as a dead AA battery.
I try to add time line with my price FF, in this case before 2022 ends.
Edited by pdx5, 17 June 2022 - 08:48 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#23
redfoliage2
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Posted 17 June 2022 - 10:26 PM
After all these recent violent moves in stock prices typical of a quadruple witching game now NYMO has developed a Positive Divergence - A reliable ST trend reversal signal .................................
Edited by redfoliage2, 17 June 2022 - 10:29 PM.
#24
pdx5
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I want return OF my money more than return ON my money
Posted 17 June 2022 - 11:08 PM
After all these recent violent moves in stock prices typical of a quadruple witching game now NYMO has developed a Positive Divergence - A reliable ST trend reversal signal .................................
I have no reason to disagree with above ST move.
My trades are aimed at 1+ year holding periods to pay tax at lower rate.
I am expecting S&P500 to break below 3500 before December.
Edited by pdx5, 17 June 2022 - 11:09 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#25
fib_1618
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Posted 18 June 2022 - 07:45 AM
After all these recent violent moves in stock prices typical of a quadruple witching game now NYMO has developed a Positive Divergence - A reliable ST trend reversal signal .................................
Currently, you only have the POTENTIAL for divergence...Quad Witch might be hiding what actually lies beneath.
It's like thinking you can cross a flooded street or river, but then find out that the middle is far deeper than you thought.
Fib
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#26
redfoliage2
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Posted 21 June 2022 - 12:39 PM
The NYMO Positive Divergence is very likely to be confirmed after the close today when the delayed data is out ............................
Edited by redfoliage2, 21 June 2022 - 12:46 PM.
#27
redfoliage2
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Posted 23 June 2022 - 10:42 AM
The NYMO Positive Divergence has been confirmed. This marks a ST down trend reversal and the market is to go higher toward the end of the quarter as this signal usually indicates .........................
Edited by redfoliage2, 23 June 2022 - 10:46 AM.
#28
redfoliage2
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Posted 26 June 2022 - 06:01 PM
ST target - SPX 4100 ..
#29
redfoliage2
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Posted 28 June 2022 - 11:04 AM
With ES 3900 support gone ST trend has turned bearish..
#30
redfoliage2
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Posted 28 June 2022 - 12:28 PM
VST lets see if ES 3830 can hold ..
