The market had been held up at a top for various reasons before the end of 2021, and now for the same reasons it's going to be sold. Time for mean reversion................
Edited by redfoliage2, 03 January 2022 - 12:00 PM.
Posted 03 January 2022 - 11:52 AM
The market had been held up at a top for various reasons before the end of 2021, and now for the same reasons it's going to be sold. Time for mean reversion................
Edited by redfoliage2, 03 January 2022 - 12:00 PM.
Posted 03 January 2022 - 12:25 PM
Those incomplete DAILY ENGULFING NQ & ES CANDLES will tell us the direction of the next ST & possibly IT move in the markets.
Today's NQ DAILY CANDLE looks quite bullish, so far.
ES still looks bearish but many more hours to go before we get a complete DAILY candle.
Posted 03 January 2022 - 12:26 PM
One more new ATH, I think, before a multi-day decline,
The market had been held up at a top for various reasons before the end of 2021, and now for the same reasons it's going to be sold. Time for mean reversion................
Posted 03 January 2022 - 12:28 PM
Posted 03 January 2022 - 12:29 PM
Want to step back a but and observe this market..... for a few minutes before resuming trading
Posted 04 January 2022 - 09:06 AM
Surprised tech isn't being affected very much by these rising rates this time around but nonetheless still waiting, added to my short now sitting at 4758!! Calls continue to hold onto their extreme bullish levels surprised it hasn't broken the market yet but I guess were still technically in the santa rally lol!!
Posted 04 January 2022 - 10:23 AM
Currently VIX going up with SPX up, not a bullish setting for SPX, and it may close in red today ....................
Edited by redfoliage2, 04 January 2022 - 10:28 AM.
Posted 04 January 2022 - 01:02 PM
Interesting to see that selling started from ATH, it looks a pump and dump game..................
Edited by redfoliage2, 04 January 2022 - 01:08 PM.
Posted 04 January 2022 - 02:10 PM
Even more interesting is that calls havn't given up any of their excessive bullishness and puts are barely up even with the Nasdaq down so much!!
Posted 04 January 2022 - 04:07 PM
Currently VIX going up with SPX up, not a bullish setting for SPX, and it may close in red today ....................
SPX formed a bearish spinning top candlestick with VIX a gravestone at the bottom - I see a bearish reversal is in the cards for SPX, albeit intra-day pumping and dumping moves .................
Edited by redfoliage2, 04 January 2022 - 04:16 PM.