Finally… we broke that triple bottom! Can we get below 1077, as Mr. TopStep say's is the key support… which if broken will cause another round of selling to put in a lower low.
one observation, I just checked the other country's index, looks like that germany's DAX, Britain's FTSE and HK's HSI, they all tested their respective 20 day EMA yesterday.
I'm still looking for one more lower low, going into this Friday, and then a rise up all of next week. And finally another sell off into the end of the month, and around the June 25th date.
After that, I do see a rally up in July and August too. But late September looks to me to be the last major top, before a huge sell off the following months.
So it seems we are pretty close to thinking along the same lines. That's nice to know, as I've seen that you guys have been on top it lately. Glad to be on the same side.
He called it but can the last 1/2 hour fend of the dip buyers??
Anoopsan did not post much today. Hope everything is ok
Finally… we broke that triple bottom! Can we get below 1077, as Mr. TopStep say's is the key support… which if broken will cause another round of selling to put in a lower low.
Agreed. i guess when volume at price spreads are this tight its just nothing. A flat day that is weak on any indication.
It really odd Jim, as the charts look bullish, but the mood feels bearish. Which do you pick? The charts, or the mood?
Hey Monica,
We are all just watching the market sweep up and down, until she decides which way she wants too go?
this day seems impossible to call. A sell off now may not be very good for the week.
I was thinking of a few long positions but now i am backing off. but not adding shorts either. Which i may regret
good chart, thanks
one observation, I just checked the other country's index, looks like that germany's DAX, Britain's FTSE and HK's HSI, they all tested their respective 20 day EMA yesterday.
SPX has not done that yet so far
Hi all – hope you are all doing well. I am still short but have vowed not to look this thing so closely – sort of a memorial day resolution!
Thanks Jay,
I'm still looking for one more lower low, going into this Friday, and then a rise up all of next week. And finally another sell off into the end of the month, and around the June 25th date.
After that, I do see a rally up in July and August too. But late September looks to me to be the last major top, before a huge sell off the following months.
So it seems we are pretty close to thinking along the same lines. That's nice to know, as I've seen that you guys have been on top it lately. Glad to be on the same side.
Thanks for stopping by…
Red