Yep - limit bounce so far - Chopiing around it is
THAT is will help of VST model buy(cycle up) here - LQ up, USD support
..but internal suck again.
Oh and No Shorts - that is the most noticable issue here to me.
I know one guy 136% short. reminds me, I need to vote tonite. I've missed voting a few times
If we gap down tomorrow - market is toast...especially if ..
Posted 09 March 2023 - 11:36 PM
Posted 10 March 2023 - 11:36 AM
We look ready for a bounce here ...BKX did 5 down 'panic style' ... nature of that attempt will be big tell on higher trend position - we also seeing spike in some fear finally.
Posted 10 March 2023 - 01:09 PM
some real time comments here
Posted 10 March 2023 - 01:27 PM
Nope - cdn't hold ....knife still falling ... shd be 'interesting' afternoon
Posted 10 March 2023 - 02:07 PM
if it going to bounce today, comes here I think ..50% fib 3850
But It's hard to see it holding key weekly 3930 support .... so shd get IT sell and targets 3750-3780 as said.
Posted 10 March 2023 - 03:31 PM
Yep - another bounce attempt but like AM's off BKX ...it not much ado ..as expected.
But - Looks like the 'panic' on break of key support .. Banking issue or whatever else is over for now - big drop in vix last few hours ....but, I'm sure it will prove to be just initial tremor not the main quake.
So we may 'stablize' around here ...I'd prefer that to panic type action.
Edited by EntropyModel, 10 March 2023 - 03:32 PM.
Posted 10 March 2023 - 04:10 PM
Well - that's my Weekly Close signal IT SELL signal ... so, high odds this isn't just a Swing down but an IT trend down ...as said, my min target 3750-3780...cd be quick, or could take
a few weeks - as said I expect 'bull markets last stand here' - even though, its a bear market LOL ..but you know what I mean, the consensus is its a new bull ...and of course that 2023 is 3rd year of
Pres' cycle so must be up - and whole bunch of other fool proof reasons sentimenttrader has peddled since early 2022 when they have heavily bullish biases etc ..I could name other, I fear this
has all been to set retail up as the bag holder in 2023.
Edited by EntropyModel, 10 March 2023 - 04:10 PM.
Posted 10 March 2023 - 07:46 PM
HEADS UP - I just noticed that 3 key markets I followed NIKKEI, DAX, CAC just completed pattern I mentioned months ago - so we now have a timeframe & setup for GLOBAL BULL PEAK and bear market - or the REAL BULL TOP here - the one in 2022 was a said more a 'reprice event' just to QE ending and QT beginning - not a 'normal' bear market. .
Posted 12 March 2023 - 10:50 PM
looks like as per my video friday and comment friday above..that the bounce I was looking for monday is on ...futures up alot ... but I will be looking at this to be sold later in week.
Posted 13 March 2023 - 11:29 AM
Ton of VEndor Data issues ( what a surprise - how many times on important days LOL) ... so can't get full data but weaker bounce than I'd expected here, and bonds get a big
'flight to safety' move fri -today ...it not clear if that changes anything yet.