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Market at critical juncture: My FF is flat to DOWN, then UP


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#11 redfoliage2

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Posted 20 February 2023 - 10:12 PM

 

NYSE closed today & short session for #ES_F (1pm close). Chop likely. Key support remains 4070-77 as posted and ES agreeing:
We hit 4075 overnight & have based above for 12hrs Plan today: As long as 4070 keeps holding, pop to 4090, 4105 in play. 4070 fails, sell starts to 4047
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Adam Mancini
 
@AdamMancini4
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Feb 18
Have a great weekend! All February, #ES_F has built a bull flag after a 300 point January rally. On Friday, it tested support. Make or break time now Plan next week: As long as 4070-77 holds, run to 4115, 4165 in play. 4070 fails, bulls dropped the ball & sell starts to 4035, 4k

 

 

This market is on borrowed time........................... 



#12 K Wave

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Posted 20 February 2023 - 10:17 PM

Nat gas was unable to get much going off the dip under 2.20 yesterday.

 

Being it is now within days of March contract expiration, now on alert for possible panic dumping into that Feb 24 settlement date.

 

Out at 2.27 area on last pop for another quick hit, and now watching here closely to see if yesterday's low gets taken out or not.

 

If it does, panic wave could conceivably begin.

 

We should be getting very close timewise to a very good buying opp for a big swing trade.

 

Back above 2.24 area before it breaks down further could signify start of final bottoming process.

 

 

 


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

 

 


#13 K Wave

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Posted 20 February 2023 - 10:42 PM

Dow 3 min in super wedgie....could get interesting in the wee hours....

 

May have to stay up late tonight....

 

 

 


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

 

 


#14 K Wave

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Posted 21 February 2023 - 06:31 AM

So far the wee hours have not disappointed....

 

 


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

 

 


#15 K Wave

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Posted 21 February 2023 - 06:33 AM

Now watching FTSE real close at 8K...as unless it rolls over here soon, not fully trusting the down move in Dow just yet.

 


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

 

 


#16 K Wave

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Posted 21 February 2023 - 06:35 AM

5.05% on 6M and 1Y as the insane inversion continues...

 

 

 

 


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

 

 


#17 K Wave

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Posted 21 February 2023 - 07:07 AM

Here comes the attempt o get the last, possibly panic wave under way on Nat Gas after unable to climb out over 2.25

 

 

 


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

 

 


#18 K Wave

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Posted 21 February 2023 - 07:28 AM

IF bears can make the break under 152 on Apple actually stick today, would be big first step to them taking the ball back...


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

 

 


#19 K Wave

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Posted 21 February 2023 - 07:30 AM

AMZN and GOOGL also trading just below their key levels of 96 and 94 pre-market...so watch those levels after the open 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

 

 


#20 K Wave

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Posted 21 February 2023 - 07:31 AM

No sign of any major flinch in FTSE just yet...

 

 

 


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