The market looks set to revisit the low made last week .............................
To Revisit the Low Made Last Week
#1
Posted 18 May 2022 - 12:39 PM
#2
Posted 18 May 2022 - 03:20 PM
However, I bet the Fed won't allow for a crash ...........................
#3
Posted 18 May 2022 - 03:40 PM
However, I bet the Fed won't allow for a crash ...........................
The marketplace is far too large for any central bank to have any real influence when it’s trending.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#4
Posted 18 May 2022 - 05:14 PM
My vote is to let this market find it's true value without any influence...but for a bounce- my FF is the lower Keltner at 3718.
https://stockcharts.com/public/1300285
01 S&P 500
#5
Posted 18 May 2022 - 06:51 PM
My vote is to let this market find it's true value without any influence...but for a bounce- my FF is the lower Keltner at 3718.
https://stockcharts.com/public/1300285
01 S&P 500
Wisest words I ever read on this forum. Let the free market decide where stocks should be, not the PPT (Plunge Protection Team).
Edited by pdx5, 18 May 2022 - 06:52 PM.
#6
Posted 19 May 2022 - 10:19 AM
VIX now in red, so more likely we will see a bounce up soon ......................
#7
Posted 19 May 2022 - 02:17 PM
My FF is a double bottom here .....................
#8
Posted 19 May 2022 - 02:35 PM
My FF is a double bottom here .....................
The bulls can only hope.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 20 May 2022 - 03:41 PM
What an intra-day reversal today, they must have called it a bottom here .......................
Edited by redfoliage2, 20 May 2022 - 03:47 PM.
#10
Posted 22 May 2022 - 07:01 PM
With the big players loaded at the double bottom last Friday I see the upside target is likely SPX 4300 where it double-topped early May ........................
Edited by redfoliage2, 22 May 2022 - 07:02 PM.