And here is Apple hourly after the huge break....
The end game begins under 173...see if bulls can continue to hold it over next few days/weeks.
S&P500 ($SPX)
Started by
barbu
, Aug 16 2023 10:56 AM
14 replies to this topic
#11
K Wave
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Posted 19 August 2023 - 09:05 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
#12
K Wave
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Posted 19 August 2023 - 09:12 AM
In addition to DAX, watch Italy very closely here...
Has all the makings of a huge throwover finale...just need that divergent momo to continue on its downward 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
#13
K Wave
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Posted 19 August 2023 - 09:15 AM
Italy hourly....
The play is essentially short if the nascent hourly 900 break is held by the bears...and caution by bears back above...
Yet another HUGE pivot zone right here....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#14
barbu
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Posted 19 August 2023 - 12:28 PM
Rusty weekly
IF bulls fail to hold Friday's low, the weekly 900 will become the target, and possibly lower will be eventually seen...Covid low big round 1K the obvious one
But should they continue to hold, and complete that grand transition, and then take out 2K, something COMPLETELY different would likely be going on.
I see enough stuff going on that makes me skeptical bulls will be able to hold...but if they do, certainly not going to fight it.
K_Wave nice works, Thank You!
imho, IWM is in a box consolidations, now, it is about time to rolling down again.
#15
barbu
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Posted 23 August 2023 - 09:53 AM
Posted 18 August 2023 - 12:29 PM
The (initial) pullback usually will (at least) hit wave ④ reference 4328.08, the range is around 4312(4311.69)-4344(4343.81), so far the index movement fits this script. if S&P500 bounces from this zone, it may try to re-capture the 21SMA, from there, a new down leg initiates .......
S&P500 made a short term bottom @ 4335.99 and then bounced.
expects it may stall around the still descending 21SMA ........ the progress check point is around 4429.80 (70.7%),
MMs are hyping the NVDA, quite a few upgrades. let's see what CEO will paint in Today's erarning release conference
Edited by barbu, 23 August 2023 - 09:55 AM.
