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The Bear Market Resumed?


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#61 redfoliage2

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Posted 31 March 2023 - 10:42 AM

The last day of the EOQ window dressing it's the time to take profit.  I'd not be surprised to see some selling late in the day ....................


Edited by redfoliage2, 31 March 2023 - 10:48 AM.


#62 linrom1

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Posted 31 March 2023 - 10:47 AM

Full Moon on 4/5. I don't know why this works, but it often coincides with tops.



#63 redfoliage2

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Posted 31 March 2023 - 03:02 PM

IT bullish signal confirmed, but ST I'd expect some selling  .............................



#64 redfoliage2

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Posted 03 April 2023 - 10:41 AM

Some profit taking today, but dips likely to be bought...........................



#65 redfoliage2

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Posted 03 April 2023 - 11:56 AM

IT bullish and ST bearish with SPX 4100 as the support that must hold ................



#66 redfoliage2

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Posted 03 April 2023 - 02:33 PM

Expect the consolidation to continue with the market to stay in a narrow range for this holiday-shortened week ................ 


Edited by redfoliage2, 03 April 2023 - 02:38 PM.


#67 redfoliage2

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Posted 04 April 2023 - 11:25 AM

Currently the range broken at the lower end and SPX dropped thru the key support at SPX 4100 ....................


Edited by redfoliage2, 04 April 2023 - 11:26 AM.


#68 redfoliage2

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Posted 04 April 2023 - 12:08 PM

Let's see if SPX 4100 will be reclaimed in the afternoon ....................


Edited by redfoliage2, 04 April 2023 - 12:08 PM.


#69 redfoliage2

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Posted 04 April 2023 - 12:19 PM

 If bulls unable to reclaim SPX 4100 in the afternoon I'd expect more selling to come tomorrow .....................



#70 redfoliage2

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Posted 04 April 2023 - 03:28 PM

SPX closed above the pivot line 4100, a bullish move  ...................


Edited by redfoliage2, 04 April 2023 - 03:29 PM.