WMT Nessie dippin' her head....142
Market at critical juncture: My FF is flat to DOWN, then UP
Started by
dTraderB
, Feb 20 2023 05:20 PM
397 replies to this topic
#391
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Posted 24 February 2023 - 03:35 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#392
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Posted 24 February 2023 - 03:37 PM
AZO finally slippin' a bit, took out last swing low...as ORLY takes aim on fresh lows as well.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#393
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Posted 24 February 2023 - 03:40 PM
Naz decliners pushing right back towards the highs....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#394
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Posted 24 February 2023 - 03:42 PM
UNH 487...how long is the floor gonna hold???
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#395
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Posted 24 February 2023 - 03:56 PM
bulls managing to hold key level on Trannies here so far...
so no joy for bears unless back below 14600...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#396
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Posted 24 February 2023 - 03:59 PM
so looking like nice clear as mud day for Trannies stuck between 14600 and 14700...
feel like a broken record...but maybe Monday we get some resolution 
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#397
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Posted 24 February 2023 - 04:00 PM
WMT hold at 142...see what happens Monday....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#398
redfoliage2
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Posted 24 February 2023 - 04:20 PM
It looks a bounce in the cards .......................
what happened to -2% down day lol!!!
I guess the invisible hand with the power did not allow it to happen today. Nowadays with the 0DTE options there is plenty of liquidity in the market even the Fed is tightening, making it very hard for a -2% day to happen .................
BTW, I just had my ES shorts covered and I will post an outlook for next week after the market closes ..................
The pivot at SPX 3970 marks the breakout of 2022 down trend line on the SPX weekly chart. At the close SPX was slightly above 3970, and the breakout still holds albeit today's bad PCE data. Obviously bulls are still in control. We should expect a bounce next week ....................
Edited by redfoliage2, 24 February 2023 - 04:21 PM.
