75 replies to this topic

[redfoliage2]

Later in the day the ST trading range broke down and so did the ST up-trend for both NAZ and SPX ....................

Edited by redfoliage2, 09 February 2023 - 10:04 PM.

[redfoliage2]

But I'd not be surprised to see a ST reversal before the CPI out early next week ..................

Edited by redfoliage2, 10 February 2023 - 10:36 AM.

[redfoliage2]

Just a ST bounce though .........................

Edited by redfoliage2, 14 February 2023 - 10:10 AM.

[redfoliage2]

In the big picture the market here is at an IT top, meanwhile the Fed will have to deal with the sticky inflation much longer than most expect................ 

[redfoliage2]

But ST the market may still try to bounce for the OpEx ...................

Edited by redfoliage2, 14 February 2023 - 12:50 PM.

[redfoliage2]

In the big picture the market here is at an IT top, meanwhile the Fed will have to deal with the sticky inflation much longer than most expect................ 

So at this juncture I see selling into pops/bounces should have less risks than buying at highs  .............................

Edited by redfoliage2, 15 February 2023 - 12:33 PM.

[redfoliage2]

As we are still in the OpEx week so this dip may get bought later today/tomorrow ......................... 

[redfoliage2]

Market breadth analysis indicates a ST bottom here.  So post the OpEx I expect a relief rally next week  .............................  

Edited by redfoliage2, 17 February 2023 - 11:27 AM.

[redfoliage2]

ST bounce attempt from Friday failed, and so the market entered into a deeper correction.  Now let's see if SPX 3980 - 4000 will hold ...........................

Edited by redfoliage2, 21 February 2023 - 10:12 AM.

[redfoliage2]

After yesterday's big drop a bounce should be expected today ............................