Not seeing divergence on any of the time frames that suggest to
me we are washed out yet on the SPX. Looks a little more likely
that we could have another 100 SPX points down to the 20 day MA and
lower BB before we find out if we might make a higher low. At the
rate this market moves we might know that very quickly. Just not
seeing signs of any sectors, except oil, looking washed out
yet.
If you zoom out and see bulls have been constructively filling
all the gaps except the only gap we had at the bottom. Reason I
said we can start goin g back up is because the other gap below was
already filled before. But that is just my observation.
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Not seeing divergence on any
Not much downside left in short term based on today`s ...
Posted by puma on 21st of Apr 2020 at 04:04 pm
Not seeing divergence on any of the time frames that suggest to me we are washed out yet on the SPX. Looks a little more likely that we could have another 100 SPX points down to the 20 day MA and lower BB before we find out if we might make a higher low. At the rate this market moves we might know that very quickly. Just not seeing signs of any sectors, except oil, looking washed out yet.
If you zoom out and
Posted by arun on 22nd of Apr 2020 at 07:49 am
If you zoom out and see bulls have been constructively filling all the gaps except the only gap we had at the bottom. Reason I said we can start goin g back up is because the other gap below was already filled before. But that is just my observation.