134 replies to this topic

[dTraderB]

Make or break week for the BULLS who managed to close the week net GREEN. Of course, also critical week for the bears because if they cannot take this market down then BULLS will surge ahead with a close above ES 4K by Friday. 

 

Will be back to regular trading from next Sunday, will post as much as I can this week. 

 

 

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

Jul 9

 

Have a great weekend!1 pattern controls all price action in #ES_F: A perfect downtrend channel from March. Support hit at 3640, resistance now 4080

 

Next week: As long as 3895 holds, looking for the 50dma at 3980-4000, dip, then 4080. 3895 fails, we sell to 3820, gate to new lows

[dTraderB]

Persistent COVID outbreaks in Shanghai and other areas in China

 

And, then this:

 

 

 

 

 

 

Paul

 

@mrithejester

·

56s

 

Shanghai identifies new COVID omicron sub-variant.

 

 

 

 

 

 

Paul

 

@mrithejester

·

56s

 

Shanghai identifies new COVID omicron sub-variant.

[dTraderB]

China has started mass testing in Shanghai , Germany has highest ICU patients compare to 2021, UK has infection surge of 20% a week. China Index down 2.5 %

 

Persistent COVID outbreaks in Shanghai and other areas in China

 

And, then this:

 

 

 

 

 

 

Paul

 

@mrithejester

·

56s

 

Shanghai identifies new COVID omicron sub-variant.

 

 

 

 

 

 

Paul

 

@mrithejester

·

56s

 

Shanghai identifies new COVID omicron sub-variant.

 

[redfoliage2]

Fresh Inflation data out this week is likely to show it's peaked, that should send SPX above 4K ........................

https://www.investin...eaked-200626851

Edited by redfoliage2, 11 July 2022 - 09:52 AM.

[redfoliage2]

BTW, forget about COVID alarms in China as it's playing politics there (the CCP 20th Conference pending and the COVID outbreak must be limited there for the conference).  No other gov. sounding alarms as they have learned to be smarter in dealing with COVID-19.................

Edited by redfoliage2, 11 July 2022 - 10:27 AM.

[K Wave]

So BTC RUT TRAN and TSLA at 700 all holding key backtest levels so far today.

 

Now bulls must get something going off those pivots to seal in the swing bottom.

 

Rusty still most vulnerable if that pivot does not hold...

 

Let's see if bull can start to get something going this afternoon into tomorrow

Edited by K Wave, 11 July 2022 - 01:06 PM.

[beta]

Note how the major indices have been in a flat consolidation pattern during the past 6 weeks since Memorial Day.   Bounced right up to the declining daily trend lines, and failed thus far.  Until SPX recovers 3954, we are in bear territory.

 

Meanwhile, commodities gearing up again.  USO, UNG, DBA.

[beta]

Natgas looks best.  I expect prices to double from here. 

[dTraderB]

2022 LOWS will be retested, most likely NEW 2022 LOWS during next few days or in August, and ES 3300 later this year.