3309 Drysdale Ct
Edwardsville, IL 62025
ES system looking at a potential 3rd entry today or did that
sell off take it off the table?
I only bought 1 TQQQ contract for .57 cents ... looks like it
was enough to flip the script lol.
Nearly 100 points on NQ
DIS - Chart Link-
$SPX - Chart Link - warned about chasing
near pivot resistance
Holy crap just looked at my other screen lol ... we need to
re-test that large broken expanding diagonal we've been tracking
VWAP looks to be around 405.7 on SPY which is no longer 1:1 with
the SPX so can't say its 4057. We likely hit that rail from
Steve's parallelagram on Monday morning around 4105 and then have a
nice 2 or 3 day consolidation down. I agree with the
comments in the blog - there will be no soft landing and it will be
nasty and I do think it will be this year. Would love to see 50
basis points and it's what it required, if the SnP is above 4300 by
the Feb rate decision in a couple weeks - it could happen.
Damn nice fade into the close
Fred hopefully I saved you a few bucks - what we drinking
come to pappa
holding some June XBI calls but not enough bio beef.
A long symmetric triangle on Monday or Tuesday under today's
highs that looks like a bull flag but will fail due to resistance,
will do the job of engineering a meeting between the two. Just one
idea from a previous episode of how this could be done!
YES INDEED 4105 WAS A GOOD SPOT to PAUSE
$SPX - Chart Link- very simple annotations here
Short term very far from VWAP
I think that Matt's strong trend shallow pullbacks subsystem
should have triggered long on this relentless melt-up :( It
would have done better than myself in managing being in and out of
John Murphy on Stockcharts is encouraged by the market
action. It is available by members of stockcharts.
Both mes system trades are in the dumper right now but next week
is Powell and a new month.
January is always looked at as the hint for the year but not
without taking a break - as you said let’s see
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