SDS weekly - the next

Posted by roger on 26th of May 2022 at 06:06 pm

SDS weekly - the next selloff will be big due to the EMA's being crossed up and PSAR buy signals.

The money flow is already green and will become even greener imo

Kobeissi Comments - Recency Bias

Posted by steve on 26th of May 2022 at 05:56 pm

“How are the fundamentals so bad but we are only down 15%?” This bear market is full of FOMO from the bull run since 2010. The fear of missing the low is outweighing the fear of a prolonged decline. For this reason, it will still take a limit down day in $SPXto form a bottom.

From a pure technical viewpoint - the move into 3810 was just 3 waves (zig zag) and that doesn't support a bottom so maybe a 4th wave flat or triangle (since we had a symmetry break). 

KWEB beginning to look interesting. 

Posted by focus175 on 26th of May 2022 at 05:40 pm

KWEB beginning to look interesting. 

Amazing your chart reading abilities

SPX 5 Updated View

Posted by tgo5043 on 26th of May 2022 at 05:09 pm

Amazing your chart reading abilities Steve.

SPX 5 Updated View

Posted by steve on 26th of May 2022 at 05:07 pm

$SPX - Chart Link - from contraction to expansion 

SPX 10 Updated

Posted by steve on 26th of May 2022 at 05:03 pm

$SPX - Chart Link - as I stated energy was building and while it started out slow yesterday - today we saw a nice range expansion.   

$ULTAfrom $333 to $405 since

ULTA blowout Q

Posted by steve on 26th of May 2022 at 04:45 pm

$ULTAfrom $333 to $405 since the $TGTearnings miss.

$VIX also rallyed at the end of day

ULTA blowout Q

Posted by steve on 26th of May 2022 at 04:25 pm

ULTA blowout Q

Crypto didn't play ball today.

Posted by fredsaid on 26th of May 2022 at 04:20 pm

Crypto didn't play ball today.  Last time that happened we saw a nice pull back.  Hope it happens again so I can get back on longs.

All I know is that it took alot of patience for me on MMMM with the delays on the back end but the model is quite attractive and I'm long a boatload of shares 

They should earn 15 cents this year or MORE so plenty of upside if that's the case 

I'll take those 20+ ES

ES Supply at 4073-4095

Posted by steve on 26th of May 2022 at 04:01 pm

I'll take those 20+ ES points 

Supply guys 4073

ES Supply at 4073-4095

Posted by steve on 26th of May 2022 at 03:59 pm

Supply guys 4073

KISS 60 min UPRO

Posted by matt on 26th of May 2022 at 03:59 pm

as I showed last night this fast 60 min version went back long yesterday.  I've been stating in this environment that the daily KISS stuff won't be doing crap so I'll be showing some of these much faster time frames. Already 4 DVT's. The last one had 4 DVT''s as well, however I'll say that the MAIN difference this time is that the 60 Stochastic indicator is now above 80% - the last few times this tried to take a long on the 60 min time frame that 60 Stochastic couldn't get above 80%. 

anyway we'll see. The last few times were flat to slight whipsaws. The move in Mar it caught just fine obviously. Maybe it's due for a better trending one since the last few where whips

Well stated and thanks for

DBC follow up

Posted by steve on 26th of May 2022 at 03:57 pm

Well stated and thanks for input 

Any wave count for this

QQQ Views

Posted by kevindeng0727 on 26th of May 2022 at 03:53 pm

Any wave count for this wave C? (assume it is wave C from Tuesday low)

Wow! thanks for the real

DBC follow up

Posted by matt on 26th of May 2022 at 03:50 pm

Wow! thanks for the real world example

Thank you!  A strong case for further upside.

I live on a farm

DBC follow up

Posted by pjtiii on 26th of May 2022 at 03:48 pm

I live on a farm in PA the farmer there said his cost for fertilizer last year was 50k and this year 100k... so that 20% reduction might help for next year.... too late for this year at least in PA

MMMM: Nice move. Anyone hear

Posted by rfa300 on 26th of May 2022 at 03:47 pm

MMMM: Nice move. Anyone hear about short squeeze now that QUAD has shown a profit for the quarter?

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