anyone else have that feeling another shoe is going to drop? It's what happens in bear markets
Just in case you didn't see this yesterday
It happens in bear markets. Another shoe dropped.
Started by
skott
, Mar 15 2023 09:43 AM
32 replies to this topic
#1
skott
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Posted 15 March 2023 - 09:43 AM
#2
skott
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Posted 15 March 2023 - 09:53 AM
It's still early in the day. I was hoping there would be a little more to that rally that was bear market typical yesterday: short and sharp. I wanted to buy TLT back. I regret selling that. The most I wanted to pay was 100. To the charts
Russell 2000 is trying to hold important support. Important because this area is ONLY 5% above those "he called THE OCT bottom" lows. If that low of 1640 breaks you know it's not good.
Next post we can look at the longer term
#3
skott
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Posted 15 March 2023 - 09:55 AM
on a weekly basis you can see how important that zone of support. only 5% lower, is.
It's still early in the day
#4
skott
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Posted 15 March 2023 - 09:58 AM
QQQ is holding up relatively well. Can't deny that. The AM's having been piling into the big, big tech names. It's all they know.
#5
skott
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Posted 15 March 2023 - 10:14 AM
I do hate these news driven spikey moves. They are so easily reversed. I'm in it for the long hall except part of NVDA. I probably need to cover the portion I shorted y'day @ 241
#6
skott
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Posted 15 March 2023 - 10:19 AM
This could still be a kinda funky inverse H&S pattern for QQQ on intraday time frame
#7
skott
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Posted 15 March 2023 - 10:32 AM
Russell 2000 rebounded very nicely off the lows right up into support area that is now resistance. We'll see what it can do
#9
skott
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Posted 15 March 2023 - 10:51 AM
This could still be a kinda funky inverse H&S pattern for QQQ on intraday time frame
Went right to the neckline didn't it and backing off. no prediction here
#10
qqqqtrdr
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Posted 15 March 2023 - 11:13 AM
So lower oil prices below $70 for Crude is a real good thing if we can hold below for the next couple of weeks. Strong oil prices is a definite pillar for inflation especially around household commodities like food. We have not been able to break below $75 a barrel and have $75 be a ceiling. Lower oil prices will also help costs for manufacturing and shipping. This will enable competition in manufacturing to lower prices of goods.
