12 replies to this topic

[slupert]

Oversold with 1 hell of an accum,/distr. divergence,obv isn't too pretty though Would love to see a puke at the opening Might be  good for a trade on the long side. (JMHO)

 

https://schrts.co/PpXtGGdi

[K Wave]

Weekly chart to me look like it is just about to re-engage downside...

 

IF that 200 week MA that Qs have been riding since 2010 does give way....MASSIVE Air Gap in that long term chart...

 

Watching to see if Price collapses from here and gets the momo roaring back to the downside after the turn back down below Zero (a potentially VERY dangerous pattern)

 

 

As an example of what can come from this momo configuration, here is a daily NFLX in a similar spot. Obviously, I do not expect an index to crash that hard after the 200 failure, but could see horrific decline if the 200 does give way soon.

 

 

This all comes down to the Mega Caps here on Qs

The stuff I am looking at is suggesting the Big Caps could be just about to rollover in a big way.

We have already seen massive destruction in SO MANY other stocks, and now we have an absolute disaster from FDX, which more than any other stock, should be a pretty good indicator of how economy is actually doing...before those companies that use its services report their own disasters in the upcoming weeks.

 

So the question is, Do Ya Feel Lucky for the upcoming earnings season? Well Do Ya?

 

 

And NYA, a much broader index has already busted the 200 week with a sharper momo turn back down already in progress...Below that Yellow line...Katy Bar The Door bear market on our hands...

 

 

 

[K Wave]

Sepakin' of Harbingers....

 

We may get another one on Monday.

 

PAYX....and that chart is looking pretty toppy...

 

[K Wave]

CTAS another potential harbinger on Monday...also looking pretty toppy...

 

[Rogerdodger]

Is superman still long?

 

Mike Burk,
 

New lows increased to extreme crashworthy numbers last week.

Positives are pretty hard to find. 

Investors are beginning to realize the FOMC is serious about raising rates and draining liquidity.

Average returns for the coming week have been negative by all measures.

Edited by Rogerdodger, 24 September 2022 - 12:50 PM.

[slupert]

Weekly chart to me look like it is just about to re-engage downside...

 

IF that 200 week MA that Qs have been riding since 2010 does give way....MASSIVE Air Gap in that long term chart...

 

Watching to see if Price collapses from here and gets the momo roaring back to the downside after the turn back down below Zero (a potentially VERY dangerous pattern)

 

 

As an example of what can come from this momo configuration, here is a daily NFLX in a similar spot. Obviously, I do not expect an index to crash that hard after the 200 failure, but could see horrific decline if the 200 does give way soon.

 

 

This all comes down to the Mega Caps here on Qs

The stuff I am looking at is suggesting the Big Caps could be just about to rollover in a big way.

We have already seen massive destruction in SO MANY other stocks, and now we have an absolute disaster from FDX, which more than any other stock, should be a pretty good indicator of how economy is actually doing...before those companies that use its services report their own disasters in the upcoming weeks.

 

So the question is, Do Ya Feel Lucky for the upcoming earnings season? Well Do Ya?

 

 

And NYA, a much broader index has already busted the 200 week with a sharper momo turn back down already in progress...Below that Yellow line...Katy Bar The Door bear market on our hands...

 

 

 

II've been saying maybe just a quick bounce then back down. 

[slupert]

Solid investment for Bulls, - Fearless Forecasters - Traders-Talk.com

[slupert]

I posted this before on midterm years it looks like rallys won't start until after an election But seriously, look at all those end of the year charts of the "grind" When Wall St wants to get paid they get paid.

Market Barometer – Alvarez Quant Trading

[gm_general]

"However, what was perhaps the most notable market feature of Friday's (orderly) selloff is the record surge in hedging: while call buying has collapsed, Friday saw the highest put option volume in historyat just shy of 34 million contracts.

Of course, the last time put buying soared to a fresh high, was June 13 which also marked the market's lows for the year."

 

https://www.zerohedg...session-history

[tradesurfer]

I think we are about to go down really really hard.  Yes we are already deeply oversold but...

 

we could see VIX spike to 90 to 100 range

Edited by tradesurfer, 25 September 2022 - 10:20 PM.