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Posted 06 September 2022 - 12:19 PM
SP 3900..this is where bulls pretty much need to bounce it...
Failure to do so would open the trap door to much lower prices.
It may stay in the range 3900 - 4000 till CPI is out ........................
ST the market is in extremely oversold conditions. If the 3900 support holds SPX may go to back to test the 50 ma at 4020 before/after CPI data out next week ...........................
If 3900 does go by bye, will start to look even more like Urgent Selling mode than it does 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
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Posted 06 September 2022 - 12:52 PM
market very weak.... could collapse below 3850 or lower by 4pm
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Posted 06 September 2022 - 12:55 PM
Apple gettin' that drip...drip...drip look to it after the 2 hour rejection at 160
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 12:57 PM
Bulls not givin' up 3900 without a fight....
But the BTC action perhaps a bit of an ominous foreshadow???
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 01:00 PM
TSLA thus far holding up relatively better...always good to keep an eye on that one to lead possible rebound when that is the case...
IF it comes back under 270 then may start to join in downside...
1 min chart all coiled up, so may get some clues here soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 01:04 PM
Starting look like Nat Gas may have broken after the record run to 10.
8.80 pivot was big, and bee falling pretty good since it got taken out
Edit: sorry did not go back far enough...got over 10 back in mid 2000s, but still looking like it might be broken.
Edited by K Wave, 06 September 2022 - 01:06 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 01:08 PM
WMT...big time battle for that 132 pivot....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 01:12 PM
Until bears take out out the short term rising cross currents, could still see some chop.
But if/when the short term rising supports get blown out, then those rolling over longer time frames should be free to wreak havoc...
Tesla 2 hour a representative sample of a lot of what I am seeing out there...
Edited by K Wave, 06 September 2022 - 01:14 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 01:19 PM
Walmart another one....
Longer term, I gotta think this one is bearish with multiple throwovers on the chart.
But until the hourly 200 kinks down, bears not quite in full control of longer term just yet...
Edited by K Wave, 06 September 2022 - 01:19 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 September 2022 - 02:18 PM
And TSLA holds the 1 min breakout pivot and back to HOD...
273 now looking important going forward...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
