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"Normal Pullback would be 3040 SPX" - abnormally, 2870


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#21 pdx5

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Posted 03 December 2019 - 09:26 AM

It is the China-trade deal which is the elephant in the room. Charts have no clue what China is thinking.

I have lost count of how many posts I have done here saying China will try to prolong the deal past next election!


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#22 redfoliage2

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Posted 03 December 2019 - 09:44 AM

VST support at SPX 3075-3080 shall hold today, and followed by a bounce late today or tomorrow ......

Edited by redfoliage2, 03 December 2019 - 09:47 AM.


#23 12SPX

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Posted 03 December 2019 - 09:51 AM

Agreed, its nice to get the market back to a healthy state and make new highs with some volatility!!!



#24 dTraderB

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Posted 03 December 2019 - 09:54 AM

bounced off SP Futures

 

but more down after feeble rally

 

 



#25 dTraderB

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Posted 03 December 2019 - 10:02 AM

David Larew @ThinkTankCharts
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Yen Flip, VIX Flip, S&P 500 Flip, NASDAQ Flip, Dow Jones Flip.

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6:53 AM - 3 Dec 2019

 



#26 dTraderB

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Posted 03 December 2019 - 10:04 AM

Will sell TLT higher 

but not now



#27 K Wave

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Posted 03 December 2019 - 10:37 AM

RUT hourly....the only way you can look at this chart is to see that we are at a potentially MASSIVE pivot point...

 

IF, after trying to climb out over 1600 for nearly all of 2019, the dreaded "finger formation" completes and the bulls fail to hold 1600 on this back test, would be very hard to view that as anything other than extremely bearish.

 

OTOH, if RUT does hold in this area, and then takes out the recent high, would be hard to view that as anything other than extremely bullish..

 

Either way, should be some massive swing trading gains coming...SOON....

rut.png


Edited by K Wave, 03 December 2019 - 10:38 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

 

 


#28 dTraderB

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Posted 03 December 2019 - 10:38 AM

Ross was rolled out for more good trade news and this has helped the market to reverse

 

 



#29 dTraderB

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Posted 03 December 2019 - 10:38 AM

So let us see how high the Ross rally can go



#30 K Wave

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Posted 03 December 2019 - 10:43 AM

I have no idea why people seem obsessed with this "trade deal" stuff....

 

Price action will tell us anything meaingful long before anything in the "news"


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