$SPX - Chart Link- again as I stated earlier,
the morning bounce stalled out around the 38% Fib and ATR on 60 min
time frames. The hope for the short term bulls is a higher low to
form on this pullback then another push.
Posted by jj4376jc on 22nd of Sep 2021 at 02:15 pm
Oh I understand that. Basically agreeing with you. However
language matters, a misplaced or unexpected word will get a
reaction usually. So I guess what was said was expected.
a couple scenarios, ones I mentioned yesterday still the same -
either that bounce was a wave 4 or we're still in this abc pattern
working on wave b and wave b can be deep.
anyway much tougher market now - even trading individual names,
best to be picky and conservatives - the tape has changed, it's not
like it was a few weeks ago etc
I think almost everyone is assuming a lower low to come at some
point after this bounce. I would certainly welcome it as I have
funds waiting to take advantage. Wouldn't it be funny if they ran
this sucker higher to new highs and it never happened? Stranger
things have happened and there are outlier seasonality
years.
..remember the 2018 where we went down 20% peak to trough and
the bottom was Christmas eve? That wasn't usual to say the least.
The wizards behind the curtain will let us know soon enough which
way it plays out.
SPX 15 min
Posted by matt on 21st of Sep 2021 at 10:55 am
$SPX - Chart Link- again as I stated earlier, the morning bounce stalled out around the 38% Fib and ATR on 60 min time frames. The hope for the short term bulls is a higher low to form on this pullback then another push.
FOMC tomorrow of course
Update: SPX 15 min
Posted by matt on 22nd of Sep 2021 at 01:51 pm
$SPX - Chart Link- logical pullback the last hr head of the FOMC, people taking profits ahead - we'll see the reaction this afternoon. 9 min counting
Update: Update: SPX 15 min
Posted by matt on 22nd of Sep 2021 at 03:05 pm
$SPX - Chart Link-
some taper language - for
Posted by matt on 22nd of Sep 2021 at 02:02 pm
some taper language - for eventually
Fed Will Continue To Buy
Posted by steve on 22nd of Sep 2021 at 02:04 pm
Fed Will Continue To Buy At Least $80B/Month In Treasuries, $40B/Month In Mortgage-Backed Securities
Fed: If economic progress continues, taper may soon be warranted
Market seems fairly uninterested so
Posted by jj4376jc on 22nd of Sep 2021 at 02:10 pm
Market seems fairly uninterested so far. I guess we got what was expected
'Come on Man' my best
Posted by matt on 22nd of Sep 2021 at 02:16 pm
'Come on Man' my best Biden impression: Spanky still rules man
A young Bernie Sanders!
Posted by steverobin on 22nd of Sep 2021 at 05:49 pm
A young Bernie Sanders!
again still get that 80B
Posted by matt on 22nd of Sep 2021 at 02:13 pm
again still get that 80B and 40B, no change there, and taper is not starting yet
Oh I understand that. Basically
Posted by jj4376jc on 22nd of Sep 2021 at 02:15 pm
Oh I understand that. Basically agreeing with you. However language matters, a misplaced or unexpected word will get a reaction usually. So I guess what was said was expected.
Update: SPX 15 min
Posted by matt on 21st of Sep 2021 at 03:23 pm
$SPX - Chart Link- for now still view today's consolidation as some sort of abc then move up, but we'll see
you can see how price
Posted by matt on 21st of Sep 2021 at 04:08 pm
you can see how price stalled out at the ATR on the 60 min today
we'll see if Powell can bring enough doves tomorrow to move it up
a couple scenarios, ones I
Posted by matt on 21st of Sep 2021 at 07:17 pm
a couple scenarios, ones I mentioned yesterday still the same - either that bounce was a wave 4 or we're still in this abc pattern working on wave b and wave b can be deep.
anyway much tougher market now - even trading individual names, best to be picky and conservatives - the tape has changed, it's not like it was a few weeks ago etc
I think almost everyone is
Posted by fundamentalvalues on 22nd of Sep 2021 at 07:42 am
I think almost everyone is assuming a lower low to come at some point after this bounce. I would certainly welcome it as I have funds waiting to take advantage. Wouldn't it be funny if they ran this sucker higher to new highs and it never happened? Stranger things have happened and there are outlier seasonality years.
..remember the 2018 where we went down 20% peak to trough and the bottom was Christmas eve? That wasn't usual to say the least. The wizards behind the curtain will let us know soon enough which way it plays out.
Or we slice through support
Posted by kevindeng0727 on 22nd of Sep 2021 at 08:15 am
Or we slice through support and get 20% off😉
And we tend to get
Posted by kevindeng0727 on 21st of Sep 2021 at 08:17 pm
And we tend to get fake moves after Fed meeting.