In my theory the lower support line below represents the line in the sand for the up trend since Mar 2020, and as you can see it is the 3rd test coming soon. I interpret a break below as a final death knell to this up trend, and I expect resistance at this line, I had 44% profit on my SQQQ position, I could not wait for the test so I sold today at 56.70. That should give it the OK to fall further!
$SPX MACD nearing key test IMO
Started by
gm_general
, Sep 23 2022 10:51 AM
2 replies to this topic
#2
slupert
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Posted 24 September 2022 - 09:05 AM
seeing bottoming doji's on some I usualy trade, AMD,AMAT,UNH,PYPL,TXN,NUE. Just for quickie trades of course. The one I am watching most closely is NKE which has earnings this week. (JMHO)
#3
K Wave
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Posted 24 September 2022 - 12:07 PM
seeing bottoming doji's on some I usualy trade, AMD,AMAT,UNH,PYPL,TXN,NUE. Just for quickie trades of course. The one I am watching most closely is NKE which has earnings this week. (JMHO)
NKE in a textbook bear market..."surprises" usually to downside in a bear...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
