VST Neutral
ST Bearish
IT Bearish
We are entering a bear market and bounces will be relentlessly sold ..............
Edited by redfoliage2, 24 April 2018 - 10:22 AM.
Posted 24 April 2018 - 10:20 AM
VST Neutral
ST Bearish
IT Bearish
We are entering a bear market and bounces will be relentlessly sold ..............
Edited by redfoliage2, 24 April 2018 - 10:22 AM.
Posted 24 April 2018 - 11:45 AM
I see SPX wants to test the lower boundary of the wedge at around 2560.
Edited by redfoliage2, 24 April 2018 - 11:53 AM.
Posted 24 April 2018 - 12:05 PM
Alert:
SOX dropped thru the neckline of the H&S pattern on daily, that confirms the IT top for the sector. Not good for NAZ as a whole.
Edited by redfoliage2, 24 April 2018 - 12:07 PM.
Posted 24 April 2018 - 12:39 PM
It looks that an H&S also forming on NAZ daily, though still in early stage. Maybe SOX is leading on this ................
Edited by redfoliage2, 24 April 2018 - 12:39 PM.
Posted 24 April 2018 - 02:42 PM
let's see if bears get another lucky bounce tomorrow. In he current market environment selling bounces should work better than buying dips.............
Edited by redfoliage2, 24 April 2018 - 02:43 PM.
Posted 24 April 2018 - 02:51 PM
VIX short term trend turning up .............
Posted 24 April 2018 - 03:08 PM
Signal Updates at Market Close:
VST Neutral
ST Bearish
IT Bearish
Posted 24 April 2018 - 03:10 PM
BTW tomorrow FB will report earnings after close, and I expect a selling on FB upon its report...........
Edited by redfoliage2, 24 April 2018 - 03:10 PM.
Posted 25 April 2018 - 09:41 AM
VST Neutral now.
Posted 25 April 2018 - 10:01 AM
There will be VST bounces, but they will get sold as the ST and IT trends are down. Until the bottom of the wedge around SPX 2560 gets tested bounces will be sold.