....or maybe another short red bar needed ? Rise to resume today or next week.....imo
spx bottom in ?
#1
Posted 05 March 2021 - 08:21 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
Posted 05 March 2021 - 09:27 AM
....or maybe another short red bar needed ? Rise to resume today or next week.....imo
I see a ST bottom is due here, but let's see if the gap-up will hold or not by 2 pm ...............................
Edited by redfoliage2, 05 March 2021 - 09:35 AM.
#3
Posted 05 March 2021 - 11:24 AM
If they sell the close today, its a good set up for gap down Monday. Could get ugly possible ST bottom at 293. (JMHO
#4
Posted 05 March 2021 - 11:52 AM
293 is for QQQ ?
#5
Posted 05 March 2021 - 11:59 AM
293 is for QQQ ?
yep. they've covered for lunch now, bringing it up a little, butI have a hard to,e seeing them holding over the weekend. There is no reall support until that 293 level, unless they reclaim the 13000 level today, which I seriously doubt.
#6
Posted 05 March 2021 - 12:32 PM
Nice rally.
#7
Posted 05 March 2021 - 12:34 PM
I'll be surprised if they sell it into the close but nonetheless I have my profit stops on lol! If they do hopefully, hopefully there is a gap down Monday.
#8
Posted 05 March 2021 - 12:36 PM
293 is for QQQ ?
yep. they've covered for lunch now, bringing it up a little, butI have a hard to,e seeing them holding over the weekend. There is no reall support until that 293 level, unless they reclaim the 13000 level today, which I seriously doubt.
There is news pending over the weekend that the Senator is to pass the relief bill. Shorts better cover before 4 pm today. There could be a repeat of last Monday with SPX up 90-100 points .................
Edited by redfoliage2, 05 March 2021 - 12:39 PM.
#9
Posted 05 March 2021 - 01:56 PM
What we got here today is an intra-day reversal after a classic back-fill of the gap, that usually has a big follow up day..................
Edited by redfoliage2, 05 March 2021 - 02:03 PM.
#10
Posted 05 March 2021 - 02:19 PM
BTW, I see VIX to drop more toward the close today ................