intra day posts will work if you post a print version of it - or
attach the image of course. You have to select print option and
Stockcharts gives you a different URL that shows for
everyone.
as far as that W patter - remember I posted a W pattern on the
SPX last Wed when it was nearing the 4000 area after that first
rally off the trendline low. That W pattern played out with a move
up to 4119, but the big difference here guys is that it's way to
early to think about that now too much. when I drew that pattern,
the W had mostly formed with 4 legs - right now you still need the
whole leg up - you only have 3 legs of the W.
how to plan for it? I don't think you need to because most
scenarios both bearish and bullish all align with each other right
now and call for a rally off this area - even the bear scenario
would call for a rally up to 4000 area or a bit higher - why
wouldn't you be long regardless - then after being long if you get
that rally up to those areas and the 4th leg of the W pattern
appears to be forming you can then decide to simply hold your long
position vs exiting - that's how you plan
A " W-PATTERN". This looks very bullish with the upside
all the way from 1420 to previous high at 4300!!! That would cause
the most hurt to those with bearish positions(incl myself)
mundy what is your strategy for a W recovery? Are you buying
here for a move up and sellingn at the top? What if that never
happens and the market turns around here? You will end up
chasing the market...where is your stop? This is always
countertrend.
Posted by fredsaid on 14th of Sep 2022 at 08:16 pm
Looks possible and with beariah sentiment even probable but then
we are left with a massive W that only Tom Lee and that guy
mentioned on the blog yesterday have been calling for.
Wonder what it looks like in the face of the larger expanding
diagonal.
Steve - Do you see
SPX 15
Posted by arun on 14th of Sep 2022 at 04:53 pm
Steve - Do you see this as a possible scenario ?
https://schrts.co/XfnBZImD
schrts.co
QQQ | SharpCharts | StockCharts.com
Create advanced interactive price charts for QQQ, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Hi can you post the
Posted by anjali25 on 14th of Sep 2022 at 05:45 pm
Hi can you post the chart vs link - any chart less than daily does not show for non stock chart members
intra day posts will work
Posted by matt on 15th of Sep 2022 at 09:54 am
intra day posts will work if you post a print version of it - or attach the image of course. You have to select print option and Stockcharts gives you a different URL that shows for everyone.
as far as that W patter - remember I posted a W pattern on the SPX last Wed when it was nearing the 4000 area after that first rally off the trendline low. That W pattern played out with a move up to 4119, but the big difference here guys is that it's way to early to think about that now too much. when I drew that pattern, the W had mostly formed with 4 legs - right now you still need the whole leg up - you only have 3 legs of the W.
how to plan for it? I don't think you need to because most scenarios both bearish and bullish all align with each other right now and call for a rally off this area - even the bear scenario would call for a rally up to 4000 area or a bit higher - why wouldn't you be long regardless - then after being long if you get that rally up to those areas and the 4th leg of the W pattern appears to be forming you can then decide to simply hold your long position vs exiting - that's how you plan
LOL you guys jinxed the
Posted by matt on 15th of Sep 2022 at 11:51 am
LOL you guys jinxed the early morning rally with all that talk about a bullish W pattern that hasn't even formed yet
Now that rally (we were
Posted by DigiNomad on 15th of Sep 2022 at 12:18 pm
Now that rally (we were thinking was relatively high probability) might be a rally up to touch the underside of the now broken trendline.
Very guilty of that on
Posted by retirefire on 15th of Sep 2022 at 11:53 am
Very guilty of that on trader psychology, I see what I want vs. what price says. As Steve said LOOSE your bias.
Cool beans. TY.
Posted by fredsaid on 15th of Sep 2022 at 10:10 am
Cool beans. TY.
here you go. Hope this
Posted by arun on 14th of Sep 2022 at 06:00 pm
here you go. Hope this helps
Thank you …
Posted by anjali25 on 15th of Sep 2022 at 12:47 am
Thank you …
A " W-PATTERN". This looks
Posted by mundy on 14th of Sep 2022 at 11:04 pm
A " W-PATTERN". This looks very bullish with the upside all the way from 1420 to previous high at 4300!!! That would cause the most hurt to those with bearish positions(incl myself)
mundy what is your strategy
Posted by kobie on 15th of Sep 2022 at 06:39 am
mundy what is your strategy for a W recovery? Are you buying here for a move up and sellingn at the top? What if that never happens and the market turns around here? You will end up chasing the market...where is your stop? This is always countertrend.
Not holding my breath for
Posted by kobie on 15th of Sep 2022 at 06:32 am
Not holding my breath for a "W" recovery....
5% drop rarely happens. Doesn’t
Posted by arun on 15th of Sep 2022 at 07:41 am
5% drop rarely happens. Doesn’t mean we can’t go lower. But some consolidation is needed before the next move.
Looks possible and with beariah
Posted by fredsaid on 14th of Sep 2022 at 08:16 pm
Looks possible and with beariah sentiment even probable but then we are left with a massive W that only Tom Lee and that guy mentioned on the blog yesterday have been calling for. Wonder what it looks like in the face of the larger expanding diagonal.
Sorry sent the wrong link https://schrts.co/yGUtEPvv
Posted by arun on 14th of Sep 2022 at 05:34 pm
Sorry sent the wrong link
https://schrts.co/yGUtEPvv
schrts.co
$SPX | SharpCharts | StockCharts.com
Create advanced interactive price charts for $SPX, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
or Alrernative if it breaks
Posted by rareto25 on 15th of Sep 2022 at 09:13 am
or Alrernative if it breaks 3900 with conviction