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SQUEEZE on SHORTS - seasonally bearish MAY


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#61 K Wave

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Posted 02 May 2023 - 09:17 AM

OK...there's the floor back test pivot on SOX...

 

Now all about whether bears can get it under that 4 hour 200 before bulls take it out the top....

 


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

 

 


#62 K Wave

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Posted 02 May 2023 - 09:20 AM

Meanwhile after yet another big revenue ramp this AM, Uber bulls appears to executing on the syncrhonous 2,3,4 hour combo pivot turn....

 

 


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

 

 


#63 linrom1

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Posted 02 May 2023 - 09:31 AM

What's this, debt limit manipulation?LOL



#64 K Wave

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Posted 02 May 2023 - 09:32 AM

So far....bears doing exactly what they need to breadthwise...not letting bulls get up a big summation turn....


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

 

 


#65 K Wave

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Posted 02 May 2023 - 09:34 AM

Schwab/PNC....if the bottom falls out of that huge flag...........

 


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

 

 


#66 K Wave

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Posted 02 May 2023 - 09:37 AM

Starting to look like a crash into the weeds on Rusty attempt to turn corner....

 

As I have been saying non-stop...bulls got nothing unless Rusty takes out 1800

 


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

 

 


#67 redfoliage2

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Posted 02 May 2023 - 09:37 AM

 

On this first day of May cryptocurrencies turned sharply down after the last week's EOM ramping up with stocks.  The stock market likely to follow soon ..................... 

Breadth (currently NYAD - 2117) also speaks out today that last week's EOM pumping up was a perfect setup for selling in May  ...........................

 

My intra-day MO indicating a reversal from last week's EOM pumping................................................. 


Edited by redfoliage2, 02 May 2023 - 09:46 AM.


#68 K Wave

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Posted 02 May 2023 - 09:38 AM

Having a good day on GS so far....

 


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

 

 


#69 K Wave

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Posted 02 May 2023 - 09:40 AM

I could make the case for Apple 170 being the end of the line....but until we are past Thursday afternoon, wont know for sure....


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

 

 


#70 dTraderB

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Posted 02 May 2023 - 09:40 AM

Dollar down but also stocks down... supposed to be an INVERSE relationship

AMZN NOT DOWN... have to wait for a good entry long price

TLT & UVXY CALLS green today


Below ES 4125 WILL CONSIDER NEW SPY CALL PISITION

Edited by dTraderB, 02 May 2023 - 09:41 AM.