Here comes Rusty...late to the party...but perhaps about to switch roles....
SQUEEZE on SHORTS - seasonally bearish MAY
Started by
dTraderB
, Apr 30 2023 04:52 PM
241 replies to this topic
#21
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 08:40 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
#22
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 08:41 AM
SOX 3020.....if it reclaims 3040....Shake N Bake action VERY possible
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#23
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 08:51 AM
HUGE wedgie continues on BA....if it gets a foothold over 210....bulls may win out
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#25
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 08:56 AM
Trannies recover 200 day...
14400 HUGE now...above that would likely blow up my generational top in 2021 scenario....
Could be an interesting week, this one....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#26
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 08:59 AM
Cmon 4200 lol!!!
Yup.....then we see if bears can hold the big pivot area
And how breadth acts over next few days may tell a lot in that regard as far as odds...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#27
K Wave
-
- Traders-Talk User
- 20,745 posts
Member
Posted 01 May 2023 - 09:01 AM
On Rusty, what bulls would really want to see is a huge explosion day over 1800 sometime in next few days.
That would likely be decent signal last week was final shakeout bottom there.
Weakly drifting up towards 1800 might not be enough....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#28
12SPX
-
- Traders-Talk User
- 10,560 posts
Member
Posted 01 May 2023 - 09:06 AM
Rats slowing manufacturing and higher prices took the steam out, hmmmmm who's been talking about a slowdown coming lol!! Market should ignore it anyhow, S&P p/e ratio is only above 22, cmon lol!!!!
#29
12SPX
-
- Traders-Talk User
- 10,560 posts
Member
Posted 01 May 2023 - 09:57 AM
There we go, 4200 and a nice even short of 4150......
#30
Rogerdodger
-
- TT Member*
-
- 26,556 posts
Member
Posted 01 May 2023 - 11:31 AM
SQUEEZE on SHORTS?
What Shorts? Is this even a correct number?
EDIT: This morning's chart was NOT a correct number. Since updated directly below: BIG DIFFERENCE!
(Maybe they read my earlier post last week!) LOL!
If the April SPX lows around 4070 can hold near here, we might see that projected "T" rally into early May.
4200 could be a challenge,
Decision Point
Original Bad incorrect Chart Below:
Edited by Rogerdodger, 01 May 2023 - 11:39 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
