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The BOUNCE, then the PLUNGE, again


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#321 K Wave

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Posted 23 September 2022 - 11:30 AM

Sure starting to look the real deal breakout on VIX...very nice launching base..may have some legs for a bit...

 

VIX.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

 

 


#322 K Wave

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Posted 23 September 2022 - 11:31 AM

IF apple takes out the lows here, next 8 to 10 bucks could come pretty fast...


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

 

 


#323 dTraderB

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Posted 23 September 2022 - 11:33 AM

VIX only 30, should hit 52-week high above 35  ... 



#324 dTraderB

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Posted 23 September 2022 - 11:33 AM

I see, you also got the message! LOL 

just posted

 

VIX over 30........



#325 beta

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Posted 23 September 2022 - 11:34 AM

 

 

Qs should bottom around 275-276

 

 

Today's LOD so far is 274.  imho we've hit a short-term bottom as traders who caught Wed's Fed plunge will close out their positions.

 

This pattern is showing wave 3 characteristics.  Far more dangerous than most realize.

 

Keeping NDX puts and bot some AMZN to hedge.   Will look to add shorts near the close or Monday.

 

Do not be surprised if we are only at the halfway point on TSLA today...

 

That 15 min break is pretty bad, and this could just be intraday bear flag....

 

tsla.png

 

 

I think you are right.  Minimum 265 before any bounce.  


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#326 dTraderB

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Posted 23 September 2022 - 11:35 AM

That's LUNCH...  .

About once a week in this cycle #ES_F has a "knife catch" day where all supports test, small bounce, then head lower, and that's today. It continues *until a resistance clears*. Now 3700 3670 was next down below 3700 and coming into it now. 3645 below here if bounce fails again


#327 K Wave

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Posted 23 September 2022 - 11:38 AM

nice 5 down on WMT intraday after the carnage.....may see some sort of bounce here..

 

If it comes, sell it hard...


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

 

 


#328 dTraderB

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Posted 23 September 2022 - 11:50 AM

looking at daily charts, if this does not bounce ABOVE 3680 & CLOSE ABOVE it today then .. a very long way down to 3620 and 3570...



#329 K Wave

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Posted 23 September 2022 - 11:55 AM

Apple held the low...

 

That pivot low at 152 could be a target for a back test if bulls can get an intraday rally going.

 

Back below low of day, you can pretty much kiss Apple good bye...


Edited by K Wave, 23 September 2022 - 11:55 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

 

 


#330 12SPX

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Posted 23 September 2022 - 12:03 PM

That whopping 30 Vix has crash all over it bahahaha!!!  Or it could just be the fact that put option purchases have already been sky high so they're having a problem moving the vix higher because people are taking profits.  This is also the slowest "crash" ever, sorry if I'm wrecking your guys never stopping commentary every 30 seconds lol.