SPX 3,585 gap filled lower.  First

    Posted by fundamentalvalues on 11th of Oct 2022 at 09:44 am

    SPX 3,585 gap filled lower. 

    First upside gap now at yesterday's close at 3,612. After that one at 3,744. Reversion to mean will be setting up here at some point trading wise. 

    3,612 filled, now let's see

    Posted by fundamentalvalues on 11th of Oct 2022 at 11:38 am

    3,612 filled, now let's see if we can get the 3,630 pivot. See I can play machine games too. What a crock this market is. Ok, I gotta relax, no emotions, they just cause mistakes.

    Of note I'm seeing The Dow Jones up .61% leading , green stocks AIG, GM, and GOOG. Maybe some movement up trading wise with PPI tomorrow and bank earnings getting underway soon. 

    if we break out of

    Posted by fredsaid on 11th of Oct 2022 at 11:42 am

    if we break out of channel, i'll buy back in at 3615.

    Cemetery break on SPX 15min

    Posted by srusso1 on 11th of Oct 2022 at 11:50 am

    Cemetery break on SPX 15min

      Cemetery break on SPX 15min Did a

    Posted by DigiNomad on 11th of Oct 2022 at 12:23 pm

      Cemetery break on SPX 15min


    Did a double take on this post. At first, I thought this was some kind of novel pattern I hadn't heard of before. Like the market breaking out of the graveyard (aka cemetery)   

    It is October   

    Posted by srusso1 on 11th of Oct 2022 at 12:26 pm

    It is October   

    Ha!

    Posted by DigiNomad on 11th of Oct 2022 at 12:26 pm

    Ha!

    That was quick ... back

    Posted by fredsaid on 11th of Oct 2022 at 11:46 am

    That was quick ... back in.  Maybe get to 3630 then come back to retest 3612.

    You see the chart Steve

    Posted by fundamentalvalues on 11th of Oct 2022 at 11:51 am

    You see the chart Steve posted on the daily. That's exactly what the machines are doing. Buying low and selling on levels, over and over. Crazy how really fragile markets are in the day to day... Just amazing the games that are played. So illiquid. Off my rant now and back to taking what I'm given based on price. 

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