Seems extreme again, the last one got corrected.
NYMO is at a lower low than the May SPX lows, SPX is higher.
NYUD
Started by
CLK
, Jun 25 2020 06:11 AM
41 replies to this topic
#2
K Wave
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Posted 25 June 2020 - 08:40 AM
today could turn out to be a very important day.
YM tagged 25K overnight, where I covered for now.
If that does not get taken out later today, then bulls could conceivably still right the ship before any further damage.
But if it gets taken out after a bounce, or worse yet only a very week dead cat type bounce, then we could accelerate rapidly down.
NDX may be the one to watch here today. If 5 min 900 gets taken out after the open, the chances of downside acceleration there would increase big time.
SQQQ 8.10 looks to still be the maginot line on the 3x inverse. If that gets taken out and holds, could see explosive move up on that one for a while.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
K Wave
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Posted 25 June 2020 - 08:43 AM
SPX 3030 being tested again.
If bears take this, likely going all the way to June 15 lows..
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
K Wave
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Posted 25 June 2020 - 08:47 AM
bulls desperately need a reversal stick immediately on QQQ 5 min chart, or it is going over the edge....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#5
K Wave
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Posted 25 June 2020 - 08:52 AM
Trannies taking aim on the Jun 15 low....
below that, bulls may start to throw in the towel for a bit...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
Waver
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Posted 25 June 2020 - 09:01 AM
SP500 Cash has officially dipped below all of the upward trendlines since March's low.
It has reversed above it for now.
Better hold...
#7
K Wave
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Posted 25 June 2020 - 09:03 AM
QQQ back testing 5 min 900 at 243...this could be a moment of truth...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
K Wave
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Posted 25 June 2020 - 09:06 AM
AAPL 363 look key here short term...if bulls get it back above that, then chances of stick save grow...
Another trip under 358, and wheels come off the bull bus....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
K Wave
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Posted 25 June 2020 - 09:30 AM
looks like battle line are drawn on SPX....3030 downside and 3120 upside
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
LMF
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Posted 25 June 2020 - 09:54 AM
Still trying to get the 60 min bottom on the Qs. Could be one more trip down, see what happens. This morning got the 30 min bottom ok.
Edited by LMF, 25 June 2020 - 09:55 AM.
