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SQUEEZE on SHORTS - seasonally bearish MAY


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#21 K Wave

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Posted 01 May 2023 - 08:40 AM

Here comes Rusty...late to the party...but perhaps about to switch roles....


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

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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

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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

 

 


#24 12SPX

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Posted 01 May 2023 - 08:55 AM

Cmon 4200 lol!!! 



#25 K Wave

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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

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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

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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

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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

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Posted 01 May 2023 - 09:57 AM

There we go, 4200 and a nice even short of 4150......



#30 Rogerdodger

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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!

 

AAII-Blowout-corrected.jpg

 

 

(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:

AAII-Blowout.jpg


Edited by Rogerdodger, 01 May 2023 - 11:39 PM.