This could be a final throwover on Trannies, but above yesterday's high, then likely not....
BULLISH BREAKOUT.. but bearish/inflationary OPEC OUTPUT CUT
Started by
dTraderB
, Apr 02 2023 04:05 PM
266 replies to this topic
#251
K Wave
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Posted 06 April 2023 - 11:05 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#252
K Wave
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Posted 06 April 2023 - 11:09 AM
this is about where bears would need to stop NVDA...
then they would have to break the now HUGE 264
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#253
K Wave
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Posted 06 April 2023 - 11:10 AM
1 min NVDA....
bears best shot at it...see if they have it in them
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#254
linrom1
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Posted 06 April 2023 - 11:25 AM
NG still in Epic battle near 2.10...but failure to launch yesterday may have put sub 2 move back in play.
Makes no sense.....just shut down production in Louisiana. Can they even stay in business at these prices?
#255
K Wave
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Posted 06 April 2023 - 11:27 AM
Here comes that throwover attempt....pretty much a must do for bears now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#256
K Wave
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Posted 06 April 2023 - 11:29 AM
NG still in Epic battle near 2.10...but failure to launch yesterday may have put sub 2 move back in play.
Makes no sense.....just shut down production in Louisiana. Can they even stay in business at these prices?
Nat Gas has not been below $2 for more than a few months over the last 20+ years...
If it gets there, time to load up once the short term stuff sets up...the question is how far under 2 it might get....has gone as low as 1.50 area in the past briefly.
Edited by K Wave, 06 April 2023 - 11:30 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#257
K Wave
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Posted 06 April 2023 - 11:37 AM
Here comes rusty towards 1760....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#258
linrom1
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Posted 06 April 2023 - 11:37 AM
They're giving wheat and gas away for free while the dollar is going to the toilet, all brought to you by miracle of futures trading that you use dollar paper to trade with?
#259
K Wave
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Posted 06 April 2023 - 11:40 AM
Watching REIT as well here...if it clears and holds 2250, even it may turn back from the edge....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#260
redfoliage2
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Posted 06 April 2023 - 11:41 AM
As the current market is mainly data driven expect the market spikes up and down with data release. Shorts may have to cover in the afternoon as the selling has dried up and China PMI data out tonight at 9:45 pm that is likely to be better ....................
I'd not be surprised if SPX reclaims 4100 by the close today/tomorrow morning ...........................
So bulls got SPX pivot line 4100 reclaimed indicating the ST consolidation likely over .........................
Edited by redfoliage2, 06 April 2023 - 11:42 AM.
