Friday AM might be a very interesting session
#1
Posted 08 October 2021 - 04:27 AM
#2
Posted 08 October 2021 - 10:15 AM
Its all about the creek jump area 4370 on SPX.
As long as bulls hold above, we could have a significant turn back upside on our hands.
But back below would be first sign of possible bigger trouble than we have already seen...
5 Min SP look
Hourly SP look...should the right shoulder of the inverse H&S get busted, that would likely be very no bueno.
But right now, still looking like bulls have made a nice turn at intermediate support zone.
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
Posted 08 October 2021 - 12:07 PM
i hear you chilly i am watching the same stuff. next week has the chance to be an important top
#4
Posted 08 October 2021 - 01:57 PM
i hear you chilly i am watching the same stuff. next week has the chance to be an important top
I actually trade off two hour and daily charts. I am not an options/day trader as many are on this site, more of a swing trader. My main purchases have been gold shares the last several days. (FVN, SAND & GDX) On a daily/weekly time frame miners are deeply oversold.
Looking back at the SPX weekly, it appears we have made a top.