Seasonally BEARISH - bounce, then BEAR FEAST.
#301
Posted 22 September 2023 - 10:45 AM
is thinking about reversing.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#302
Posted 22 September 2023 - 10:49 AM
A bounce is due as I predicted by the close yesterday .....................
Just a VST bounce that is likely to be sold as longer term technicals remain bearish....................
We should see lower lows by the end of Sept. and this IT down trend is likely to extend into Oct..........................
So no end 3QTR window dressing?
Is this low enough for them? I see they want to push it even lower and then do it in the last two days. However, I see the IT downside target is around SPX 4050 in the month of Oct. and today's VST oversold bounce is likely to be sold soon ...........................
Edited by redfoliage2, 22 September 2023 - 10:59 AM.
#303
Posted 22 September 2023 - 11:03 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
#304
Posted 22 September 2023 - 11:07 AM
A bounce is due as I predicted by the close yesterday .....................
Just a VST bounce that is likely to be sold as longer term technicals remain bearish....................
We should see lower lows by the end of Sept. and this IT down trend is likely to extend into Oct..........................
So no end 3QTR window dressing?
Is this low enough for them? I see they want to push it even lower and then do it in the last two days. However, I see the IT downside target is around SPX 4050 in the month of Oct. and today's VST oversold bounce is likely to be sold soon ...........................
So, 50% retracement form Oct '22 low.
#305
Posted 22 September 2023 - 11:19 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
#306
Posted 22 September 2023 - 11:22 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
#307
Posted 22 September 2023 - 11:32 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
#308
Posted 22 September 2023 - 11:33 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
#309
Posted 22 September 2023 - 11:54 AM
A bounce is due as I predicted by the close yesterday .....................
Just a VST bounce that is likely to be sold as longer term technicals remain bearish....................
We should see lower lows by the end of Sept. and this IT down trend is likely to extend into Oct..........................
So no end 3QTR window dressing?
Is this low enough for them? I see they want to push it even lower and then do it in the last two days. However, I see the IT downside target is around SPX 4050 in the month of Oct. and today's VST oversold bounce is likely to be sold soon ...........................
So, 50% retracement form Oct '22 low.
Charts also support this IT downside target as both SPX and NDX are showing a H&S top ......................
Edited by redfoliage2, 22 September 2023 - 12:01 PM.
#310
Posted 22 September 2023 - 12:09 PM
Edited by K Wave, 22 September 2023 - 12:09 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy