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The market is moving


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#1 RadioHead

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Posted 15 March 2023 - 04:59 PM

I mentioned a couple of weeks ago that it was time to start moving. 

Considering the internals, technicals, the obvious banking issues and macroecon uncertainties, the probability is high that S&P will test and break October lows. I will view bounces from here as temporary.

I'm not predicting any bearish disasters here. Just a strong move down to new lows. Only after that the market will start telling us how and when and where it wants to bottom.



#2 pdx5

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Posted 15 March 2023 - 05:37 PM

A logical conclusion.
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#3 K Wave

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Posted 15 March 2023 - 06:50 PM

I mentioned a couple of weeks ago that it was time to start moving. 

Considering the internals, technicals, the obvious banking issues and macroecon uncertainties, the probability is high that S&P will test and break October lows. I will view bounces from here as temporary.

I'm not predicting any bearish disasters here. Just a strong move down to new lows. Only after that the market will start telling us how and when and where it wants to bottom.

Yup. huge wedge compressions usually lead to big moves..

 

IF usually late to the bear party Apple gets on board over next few days, seeing a lot of signs it could very well be down.

But, market not goin' hard down without Apple's huge market cap on board.

 

Mega Cap BRK looks like it broke the massive wedge today, see if Apple joins in soon......


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