SPY 110.5 is very important. It is the current controlling teal line now. Above it, bear case weakens significantly. Failing at there, bear parties. If the market breaks above it, then best to watch till it comes back down before adding to shorts. Anything above it, is very dangerous for the bears, especially inlight of the May20 Panic signal.
I wish I had been watching the teal line more deligently. It would have helped me with being in tune with the market more accurately. Its usefulness with drop significantly when the market goes sideway. But until then, it rules.
All the indexes are gearing up to break their respective 'controlling teal lines” . Once that is done, then the confirmation for the May 20 Panic signal is in.
P.S. This is not an EVIL attempt to control what others do. In case there is another episode of delusional paranoia outbreak. LOL
We gonna sell off already today?? My charts are lying to me
The 15 and 60 minute charts are now line up together, and are pointing down. Selling should continue into tomorrow.
SPY 110.5 is very important. It is the current controlling teal line now. Above it, bear case weakens significantly. Failing at there, bear parties. If the market breaks above it, then best to watch till it comes back down before adding to shorts. Anything above it, is very dangerous for the bears, especially inlight of the May20 Panic signal.
I wish I had been watching the teal line more deligently. It would have helped me with being in tune with the market more accurately. Its usefulness with drop significantly when the market goes sideway. But until then, it rules.
here we go… 🙂
gracias muchacha.
HA HA!!!!! Thanks SC.
heheheheh LOL 🙂 it looks like it is
I got several models suggesting just that.
Door #1 : Oct 2008
Door #2 : Feb 2010 + a dozen other similar cases.
All the indexes are gearing up to break their respective 'controlling teal lines” . Once that is done, then the confirmation for the May 20 Panic signal is in.
P.S. This is not an EVIL attempt to control what others do. In case there is another episode of delusional paranoia outbreak. LOL
Thanks Anna! Not sure that is a real falsie like my boobies!
New falsie 107.78