Just Like clockwork...
Moderator: Aitrus
Re: Just Like clockwork...
Wing, I see you are going back to G. Taking profits is never a bad idea! I decided to stay in hoping this deep pullback is a higher low like we saw on Nov 2, 2022.
Re: Just Like clockwork...
Gap fill at 3900 next?
-
- Posts: 795
- Joined: Thu Jan 22, 2009 8:39 am
Re: Just Like clockwork...
Ominous Candle finds S&P right up against its 50-Day SMA. This level (3,925) has served as SUPPORT on multiple occasions dating back to Nov of last year…
https://www.cnbc.com/2023/01/17/stock-m ... -news.html
Best of Luck (everyone) in all you choose to endeavor!!!
https://www.cnbc.com/2023/01/17/stock-m ... -news.html
Best of Luck (everyone) in all you choose to endeavor!!!
You do not have the required permissions to view the files attached to this post.
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein
Re: Just Like clockwork...
Did somebody say something about the debt ceiling?
When the water runs deep my little dog frolics. When shallow, she drinks
Re: Just Like clockwork...
SPY dipped below the 50 Moving Averages. One consolation is that before noon it bounced off the close of January 9 - my TSP entry date. And if this does not hold there is just below the 100 SMA and + half Standard Deviation at 385 that can serve up as support. Here is hopin for a good Friday!
-
- Posts: 795
- Joined: Thu Jan 22, 2009 8:39 am
Re: Just Like clockwork...
Last two (2) hours of trading saw the bottom drop out of this index, right as it was about to go Positive…
Spinning Top Candle can (oftentimes) signal trend reversal…
https://amp.cnn.com/cnn/2023/01/19/inve ... index.html
Best of Luck (everyone) in all you choose to endeavor!!!
Spinning Top Candle can (oftentimes) signal trend reversal…
https://amp.cnn.com/cnn/2023/01/19/inve ... index.html
Best of Luck (everyone) in all you choose to endeavor!!!
You do not have the required permissions to view the files attached to this post.
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein
Re: Just Like clockwork...
Take a look at these two charts. Does anyone else see an Inverse Head and Shoulders Pattern developing here on the S&P?? Or are my eyes playing tricks on me.
You do not have the required permissions to view the files attached to this post.
Re: Just Like clockwork...
Jatelle,
I see an island reversal, similar pattern to a couple of the two recent 2022 tops. Beware next week or two (or three).
Today, there may be a strong rally to close around 390-ish, thinking of dumping my longs if so.
ISN'T INVESTING GLORIOUS HAHAHAHA
I see an island reversal, similar pattern to a couple of the two recent 2022 tops. Beware next week or two (or three).
Today, there may be a strong rally to close around 390-ish, thinking of dumping my longs if so.
ISN'T INVESTING GLORIOUS HAHAHAHA
Re: Just Like clockwork...
Jatelle,
I see an island reversal, similar pattern to the two last 2022 tops. Beware next week or two (or three).
Today, there may be a strong rally to close around 390-ish, thinking of dumping most of my longs if so.
ISN'T INVESTING GLORIOUS?????? HAHAHAHA!
I see an island reversal, similar pattern to the two last 2022 tops. Beware next week or two (or three).
Today, there may be a strong rally to close around 390-ish, thinking of dumping most of my longs if so.
ISN'T INVESTING GLORIOUS?????? HAHAHAHA!
Re: Just Like clockwork...
Bloobs, thanks for pointing this out. I do see an Island Reversal if we look at the last 10 days of trading. The Island top is separated by gaps (the last gap down is 392 (the 50 SMA). If price can break through this then the curse/threat of the Island Reversal will be broken. Glorious Trading!
Re: Just Like clockwork...
How price behaves today at the 50 SMA (392) will give us the direction of the market
Re: Just Like clockwork...
Led by the tech stocks the stock market rally showed resilience with the S&P rocketing through the 50 SMA before noon, and then closing above the 200 SMA after hours. Next test for the SPY will be the +1 Standard Deviation at about 400 (which also happens to be at last Friday 13th close).
-
- Posts: 795
- Joined: Thu Jan 22, 2009 8:39 am
Re: Just Like clockwork...
Impressive reversal (indeed), 200 Day SMA may (or may not) prove to be RESISTANT POINT…
https://www.cnbc.com/2023/01/19/stock-f ... -year.html
Best of Luck (everyone) in all you choose to endeavor!!!
https://www.cnbc.com/2023/01/19/stock-f ... -year.html
Best of Luck (everyone) in all you choose to endeavor!!!
You do not have the required permissions to view the files attached to this post.
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein
Re: Just Like clockwork...
SPY held the +1 Standard Deviation at 400. Next targets are the highs of Dec 14th (405.60), Sept 13 (415.12) and June 2 (418.60).
Fund Prices2024-03-28
Fund | Price | Day | YTD |
G | $18.15 | 0.05% | 1.05% |
F | $19.08 | -0.06% | -0.74% |
C | $82.21 | 0.11% | 10.55% |
S | $82.43 | 0.30% | 6.92% |
I | $42.57 | -0.24% | 5.95% |
L2065 | $16.38 | 0.02% | 8.37% |
L2060 | $16.39 | 0.02% | 8.38% |
L2055 | $16.39 | 0.02% | 8.38% |
L2050 | $32.73 | 0.01% | 6.95% |
L2045 | $14.91 | 0.02% | 6.58% |
L2040 | $54.38 | 0.02% | 6.22% |
L2035 | $14.34 | 0.02% | 5.79% |
L2030 | $47.67 | 0.02% | 5.38% |
L2025 | $13.15 | 0.03% | 3.43% |
Linc | $25.61 | 0.03% | 2.82% |