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Markets on the EDGE -- can BULLS prevent another leg down?


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#41 K Wave

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Posted 22 August 2022 - 10:42 AM

Apple still holding 1st support level at 168

 

possibility that next bounce comes from there instead of 165 as everyone and their mother continues to hide out there for a bit longer....


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

 

 


#42 K Wave

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Posted 22 August 2022 - 10:48 AM

Crude attempting big reversal...see if it can get back above 90


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

 

 


#43 redfoliage2

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Posted 22 August 2022 - 10:52 AM

 

ES 4100   NOT 4000 

THIS COULD TRADE BELOW ES 4000 TODAY

 

VST it looks that way, but I see SPX to test its 50 day dma around 3970 next week...............



#44 Rogerdodger

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Posted 22 August 2022 - 10:53 AM

He said:  Seasonality: Go Away in Late August

#45 K Wave

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Posted 22 August 2022 - 11:11 AM

Usually the market does not start down in earnest until the inversion starts to reverse...

 

1 yr looking like it might be just about fully cooked after an insane first leg up.....has that 3 drive look to it....

 

1yr.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

 

 


#46 dTraderB

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Posted 22 August 2022 - 11:29 AM

BELOW 4K next month

 

markets look very weak 

 

 

 

ES 4100   NOT 4000 

THIS COULD TRADE BELOW ES 4000 TODAY

 



#47 steadyquest

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Posted 22 August 2022 - 11:41 AM

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#48 dTraderB

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Posted 22 August 2022 - 01:04 PM

Some LONGS may be experiencing FORCED LIQUIDATION ...  bit of panic selling below 4150



#49 steadyquest

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Posted 22 August 2022 - 01:37 PM

Well, so much for parity.  Why would they name a EUR/USD chart US Dollar vs Euro?

 

euro-dead.png



#50 dTraderB

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Posted 22 August 2022 - 01:56 PM

will start new SHORT USD/YEN position, now at 137.5 

 

SELL LIMIT @ 137.75 to start