Posted by mrjasongill on 27th of Jun 2022 at 01:35 pm
Sharing an updated view of this long term weekly chart.
those blue vertical lines are when the weekly stochastic was
oversold in the past marking bottoms. Didn't pan out this
time and now we're about to test the underside of the trendline.
Posted by mrjasongill on 19th of Jul 2022 at 04:59 pm
Another updated view of this long term chart..note the red
loooong term trendline. I think we will tag 4000 and maybe go
a little past it, but close the month below 4000...Who knows...if
we close the month above 4000 the bubble can continue....
Good stuff. Might need that right shoulder before the bigger
dump can happen. Will respect the price action either way. That gap
4,176.82 is the next major area, then good ol 4,220s at the fib.
Not getting too far ahead of myself. I have concerns longer term
still.
Sharing an updated view of
Posted by mrjasongill on 27th of Jun 2022 at 01:35 pm
Sharing an updated view of this long term weekly chart. those blue vertical lines are when the weekly stochastic was oversold in the past marking bottoms. Didn't pan out this time and now we're about to test the underside of the trendline.
https://www.tradingview.com/x/lh2u27NI/
Another updated view of this
Posted by mrjasongill on 19th of Jul 2022 at 04:59 pm
Another updated view of this long term chart..note the red loooong term trendline. I think we will tag 4000 and maybe go a little past it, but close the month below 4000...Who knows...if we close the month above 4000 the bubble can continue....
Weekly https://www.tradingview.com/x/fuJ6DvIF/
Monthly https://www.tradingview.com/x/h4JEJ0KN/
Great stuff, keeping an open
Posted by fundamentalvalues on 19th of Jul 2022 at 05:47 pm
Great stuff, keeping an open mind
I feel like we will
Posted by mrjasongill on 20th of Jul 2022 at 11:56 am
I feel like we will not break 4000 on SPX....and then the bear market will continue, but that's just a gut feel.
Well, if we stay above
Posted by mrjasongill on 28th of Jul 2022 at 02:30 pm
Well, if we stay above 4020 tomorrow then this monthly trendline will be negated...
https://www.tradingview.com/x/d5dBlocA/
Good stuff. Might need that
Posted by fundamentalvalues on 28th of Jul 2022 at 02:41 pm
Good stuff. Might need that right shoulder before the bigger dump can happen. Will respect the price action either way. That gap 4,176.82 is the next major area, then good ol 4,220s at the fib. Not getting too far ahead of myself. I have concerns longer term still.
the other view is what
Posted by matt on 28th of Jul 2022 at 02:50 pm
the other view is what Steve posted below where this move now is 3 of C, if that's the case you wouldn't get that nice wave 2 pullback.