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Complex Bottoming, Part 2: Nearer to a sustainable LOW


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#461 12SPX

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Posted 14 October 2022 - 11:19 AM

Guess not but average long now 3620...



#462 12SPX

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Posted 14 October 2022 - 11:44 AM

guess there's no crash yet profit stop 3621....buy below



#463 12SPX

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Posted 14 October 2022 - 11:49 AM

And out for 1 point and starting my new long build at 3620...



#464 redfoliage2

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Posted 14 October 2022 - 11:56 AM

Holding longs over this weekend going to be very risky as something bearish pending to happen in England ....................


Edited by redfoliage2, 14 October 2022 - 12:01 PM.


#465 redfoliage2

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Posted 14 October 2022 - 12:16 PM

Still two weeks left in Oct.  and still possible for a Black Monday 1987 .......................



#466 beta

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Posted 14 October 2022 - 12:21 PM

Oil dropping.  TBT making new 52wk highs.  VIX climbing again.  

 

I see no reasons to be bullish at this juncture.


Edited by beta, 14 October 2022 - 12:21 PM.

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#467 redfoliage2

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Posted 14 October 2022 - 12:29 PM

Still two weeks left in Oct.  and still possible for a Black Monday 1987 .......................

It's ominous that VIX still hovering above 32 even after yesterday's huge bounce up ..........................



#468 dTraderB

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Posted 14 October 2022 - 12:29 PM

My strategy with ES near 3600 and below is to STAY LONG -- build bigger positions as market drops 

 

 



#469 K Wave

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Posted 14 October 2022 - 12:38 PM

Big time battle for 3600 on SPX here...

 

As long as bulls do not lose, they still potentially have a bottom yesterday.

 

But should they lose, could be a quick trip down to take out the very important low...


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

 

 


#470 K Wave

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Posted 14 October 2022 - 12:40 PM

So many stocks with big wedgies just waitin' for a spark for direction...


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