Jump to content



Photo

CRITICAL MARKET SUPPORT HOLDS or ES plunges below 4100?


  • Please log in to reply
446 replies to this topic

#261 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 11:24 AM

NFLX...what did bulls expressly NOT want to happen?

 


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

 

 


#262 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 11:30 AM

What have I repeatedly warned about that we have been seeing over and over again lately???

 

Bulls desperately need a HUGE save from AMZN or very close to Game Over...

 


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

 

 


#263 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 11:32 AM

UVXY still building that hourly structure....will AMZN be the liftoff signal

 


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

 

 


#264 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 11:50 AM

just to give you guys an idea of the super importance of the area we are at, here are the SP continuous wave charts from 4 hours to 12 hours

 

4 and 6 hour already potentially in roll mode, ESPECIALLY the 4hour with full crossover action incoming as well.

So....IF all the rest of them that are all pretty much lined up on the same spot FAIL to hold...it will be a significant event that could lead to substantial market losses.

 

If they hold....and SP can reclaim the 4 hour, then still possible it could be a bottom....but with Mega Caps looking shaky, that may not be the way to bet.....

And note that 12 hour is already declining...so for bulls this is pretty much do or die here from a longer term perspective.

 

4 hour

 

 

6 hour

 

 

8 hour

 

 

10 hour

 

 

12 hour

 


Edited by K Wave, 26 October 2023 - 11:51 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

 

 


#265 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 11:54 AM

328 holding so far on Softy....

 

it might hold today, but very likely just a matter time now until softy starts puking its guts 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

 

 


#266 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,054 posts

Posted 26 October 2023 - 11:59 AM

What I'm finding interesting here is the gap fill for the Nasdaq from May and since were down here I'm starting a long build on the NDX at 14150 and will add to it if we continue down here as this is getting a little overdone!! 



#267 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,819 posts

Posted 26 October 2023 - 12:01 PM

Well, selling continues as the wolves on the Street keep calling market crash.  Let's see if they will get it in the next three days .........................


Edited by redfoliage2, 26 October 2023 - 12:08 PM.


#268 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 12:03 PM

NYA taking that June low out and accelerating could be huge clue that bulls have a MAJOR problem on their hands....

 

gettin' real close now

 


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

 

 


#269 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 12:09 PM

Avis heading back down where it belongs after single handedly puttin' in the generational top on the Trannies

 

Amazing how long crap can float, eh?

 

 

 


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

 

 


#270 K Wave

K Wave

    Member

  • Traders-Talk User
  • 24,764 posts

Posted 26 October 2023 - 12:17 PM

Best guess here...after the bounce at 328, Softy does not recover the 5 min failure point, and sayonara is close at hand....

 


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