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


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#381 K Wave

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Posted 24 February 2023 - 02:51 PM

No backing off in decliners yet.....bulls desperately hoping for that, but no dice so far...

OK, now bulls giving it a go here...


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

 

 


#382 K Wave

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Posted 24 February 2023 - 03:03 PM

Looking like a pretty massive sized pivot hold on GS...

 

unless that gets broken at some point, bears gonna struggle to go lower...

 

And we did hit the Dow target pretty much perfectly today...

 

 

 


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

 

 


#383 K Wave

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Posted 24 February 2023 - 03:06 PM

Now we see if TSLA can reclaim the bull bear line before the lower one goes...

 


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

 

 


#384 K Wave

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Posted 24 February 2023 - 03:10 PM

Solid looking triple bottom pivot on BRK...now for bulls, about reclaiming 306...

 

Should that pivot low fail, with a now down sloping 2 hour 900, could be catastrophic loss for bulls, so they really need to keep marching higher here to stay alive.

 


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

 

 


#385 redfoliage2

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Posted 24 February 2023 - 03:11 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  ..................


Edited by redfoliage2, 24 February 2023 - 03:13 PM.


#386 K Wave

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Posted 24 February 2023 - 03:14 PM

WMT sporting Nessie pattern on VST chart,,,so 142 really needs to hold on any pullback.

 

Otherwise she goes back under the surface..


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

 

 


#387 K Wave

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Posted 24 February 2023 - 03:30 PM

AMZN losing the 1 min 200 late in day day.....careful....


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

 

 


#388 K Wave

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Posted 24 February 2023 - 03:30 PM

Apple on the verge 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

 

 


#389 K Wave

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Posted 24 February 2023 - 03:31 PM

and MSFT GOOGL TSLA


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

 

 


#390 K Wave

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Posted 24 February 2023 - 03:34 PM

BRK not quite out of danger 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