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My Take on the MKT


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#11 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

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Posted 22 February 2023 - 04:15 PM

 

Yep, but bulls still have multiple support areas on various time frames just below 4K on SPX...

 

IF bears get through those as well.....then trouble likely....

 

4K, 3795, 3950, and 3900 all have to be taken out to flip things fully bearish.

 

Always tricky when you have out of sync time frames....but bears took a potentially huge first step yesterday...

 

For bearishly inclined, you would want to see a big break in the Utes for a big clue, as they lead at this stage in a bear market.

Utes doing what they need to here today....now bears lookin' for HARD DOWN soon.
 

 

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Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#12 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,626 posts

Posted 22 February 2023 - 04:53 PM

987.gif


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer