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September LOWS beckon, Winter of Misery & Cold BUT the Sun will shine again


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#141 K Wave

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Posted 09 September 2022 - 06:06 AM

MASSIVE U-Turn in BTC after breaking out over 19400...

 

So something to keep in mind if bears not able to reverse things here this AM, after their failure at 3980 yesterday....

 

Gold thus far not able to blast out like BTC.....but it if finally clears the triple top area...could be in the cards....


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

 

 


#142 K Wave

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Posted 09 September 2022 - 06:34 AM

1860-1880 area most likely spot for Rusty to run into some trouble.

 

But if it does not turn tail here soon, and get back below 1840, then perhaps that low area at 3900 SP may not get taken out after all.

 

These back test bounces after the initial wave down after the rejection at 200 day can be very tricky...because IF they do NOT rollover after a few days, it means price has a shot a going up and taking out the 200 day.

 

If bears do finally fight back today, and we close red, then the big drop is reasonably likely still in the cards...but when you see something like that big BTC recovery...gotta be careful trying to short the bounce


Edited by K Wave, 09 September 2022 - 06:34 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

 

 


#143 K Wave

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Posted 09 September 2022 - 06:40 AM

The bottom of the big failure candle is often where this type of bounce stalls, and SP essentially there.

 

So attempting to short once 1 min time frame starts to look suspect could pay off.

But gotta keep stop pretty tight if they cant get the 1 min rollover going with any legs...

 

sp.png


Edited by K Wave, 09 September 2022 - 06:44 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

 

 


#144 K Wave

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Posted 09 September 2022 - 08:36 AM

As long as TSLA still in ramp mode, gonna be hard to roll this thing back over....

 

It needs to come back under 290 PDQ to stop a creek jump here...


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

 

 


#145 K Wave

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Posted 09 September 2022 - 08:38 AM

Apple 156 still a brick wall...but if bulls do finally get through it, they may have some runnin' room...

 

156 and 154 look key now...


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

 

 


#146 redfoliage2

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Posted 09 September 2022 - 11:14 AM

VST - likely to go back to test SPX 4030 .............................



#147 dTraderB

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Posted 09 September 2022 - 03:29 PM

Good week, net +1.33% on total account

BONUS this week: just over 5K profit on USD/YEN SHORTs

 

BIG SHORT POSITION - 52 QQQ & 44 SPY PUTS, small IWM PUTS (7)

54 TLT CALLS

 

1 NQ & 1 ES HEDGE LONG

 

ST TOP today or next week, then DOWN

 
 
 
 
 
tjIsoy6__normal.jpg
 
Today was a 91% upside day. First since August 10. Now going out to have the best linguini with white clam sauce in the whole area!
 
 
 
 
 
tjIsoy6__normal.jpg
 
Today was a 91% upside day. First since August 10. Now going out to have the best linguini with white clam sauce in the whole area!


#148 K Wave

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Posted 09 September 2022 - 04:03 PM

TSLA one to watch closely here next couple of days...

 

After blasting out immediately to 298, they were not  able to get a 300 print today after all the churning.

 

We may see over 300 briefly on Monday, but if it turns into more than briefly, and TSLA is not back under 290 by say Tuesday, then something other than extended bear bounce may be going on with the Frontrunner General.


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