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BULLISH: Not fighting FED, Central Banks, Governments -- FED Dovishness this week


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#281 redfoliage2

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Posted 24 March 2023 - 12:24 PM

 

But I have to say this is a boring day with either side has the commitment.  It really needs a trigger to break up this tie.  Maybe next week...........................

Or maybe its like I have been saying since March of last year, this is a grind market now, just going nowhere while things settle out....  Just missed my short fill rats......

 

More likely to grind down.  I see this directionless state will end next week  ...........................


Edited by redfoliage2, 24 March 2023 - 12:30 PM.


#282 12SPX

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Posted 24 March 2023 - 12:29 PM

Kinda like I've been saying since last March lol!!  Started building my short at 3985...



#283 K Wave

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Posted 24 March 2023 - 01:36 PM

So here is what I am watching close on Rusty...

 

Just like Dow in 1930, it is pulling away from 900 day and has just busted the same equivalent low to current December 2022 low in 1930.

 

So IF this 1720-25 area gets turned into resistance, then Rusty is still tracking for LT bear.

It took about a week or so for that equivalent low to be left behind in 1930. Initial breach drop and then a subsequent back test before relentless grind down began in earnest.

 

But if Rut instead recaptures that floor, then the stronger Naz could see sizable rally.

 

Do not know if we get decision today last hour, or on Monday, but when we see this kind of action like NDX today...it IS coming 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

 

 


#284 K Wave

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Posted 24 March 2023 - 01:41 PM

a foothold above 1 min 900 on RUT could be first sign of floor recapture.

 

stall at 1 min 900 or before is still well with the confines of last gasp before letting go....

 

 

 


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

 

 


#285 K Wave

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Posted 24 March 2023 - 01:43 PM

probably similar for Naz Comp after clearly setting THE PIVOT

 


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

 

 


#286 K Wave

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Posted 24 March 2023 - 02:20 PM

Here comes Rusty for that tag....now we see what happens next....

 


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

 

 


#287 redfoliage2

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Posted 24 March 2023 - 02:32 PM

ES target met, now watch out for the last min dump for the weekend ..................


Edited by redfoliage2, 24 March 2023 - 02:32 PM.


#288 K Wave

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Posted 24 March 2023 - 02:43 PM

There's the Nessie head forming...now we see if dives back under the surface or not

 


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

 

 


#289 K Wave

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Posted 24 March 2023 - 02:47 PM

NY Fang...yea or nay on a turn may be coming soon...

 

Probably Monday at this point....

 


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

 

 


#290 redfoliage2

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Posted 24 March 2023 - 02:55 PM

If the ES 3950 support can hold then ES 4005 target for the day .................

Today's upside target met as the support 3950 was successfully defended.  Now bulls got the ball .............................