They love to Pinocchio those areas. Not saying it couldn't go
lower then but it had gotten stretched short term. And the
inflation data and earnings and known at this point. Still too much
bearishness to go down hard right now. If it does it will happen
when they start to adjust the rates. Or will it. Trade what we got,
buy support, sell resistance.
SPX Kudos to Matt and
Posted by fundamentalvalues on 13th of Apr 2022 at 01:42 pm
SPX Kudos to Matt and Steve for posting the pullback scenario to around 4,400 support. Really good work and now we are getting the rally.
That undercut to 4380 had
Posted by mrjasongill on 13th of Apr 2022 at 01:45 pm
That undercut to 4380 had me worried! Hopefully this wedge plays out and we get a bounce to 4484 to fill that gap...
They love to Pinocchio those
Posted by fundamentalvalues on 13th of Apr 2022 at 01:51 pm
They love to Pinocchio those areas. Not saying it couldn't go lower then but it had gotten stretched short term. And the inflation data and earnings and known at this point. Still too much bearishness to go down hard right now. If it does it will happen when they start to adjust the rates. Or will it. Trade what we got, buy support, sell resistance.
It looks like this..
Some scooping going on right
Posted by mrjasongill on 13th of Apr 2022 at 02:13 pm
Some scooping going on right now! haha...