Posted by fredsaid on 27th of Jan 2023 at 03:53 pm
VWAP looks to be around 405.7 on SPY which is no longer 1:1 with
the SPX so can't say its 4057. We likely hit that rail from
Steve's parallelagram on Monday morning around 4105 and then have a
nice 2 or 3 day consolidation down. I agree with the
comments in the blog - there will be no soft landing and it will be
nasty and I do think it will be this year. Would love to see 50
basis points and it's what it required, if the SnP is above 4300 by
the Feb rate decision in a couple weeks - it could happen.
A long symmetric triangle on Monday or Tuesday under today's
highs that looks like a bull flag but will fail due to resistance,
will do the job of engineering a meeting between the two. Just one
idea from a previous episode of how this could be done!
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Short term very far from
Posted by retirefire on 27th of Jan 2023 at 03:43 pm
Short term very far from VWAP
VWAP looks to be around
Posted by fredsaid on 27th of Jan 2023 at 03:53 pm
VWAP looks to be around 405.7 on SPY which is no longer 1:1 with the SPX so can't say its 4057. We likely hit that rail from Steve's parallelagram on Monday morning around 4105 and then have a nice 2 or 3 day consolidation down. I agree with the comments in the blog - there will be no soft landing and it will be nasty and I do think it will be this year. Would love to see 50 basis points and it's what it required, if the SnP is above 4300 by the Feb rate decision in a couple weeks - it could happen.
come to pappa
Posted by retirefire on 27th of Jan 2023 at 03:51 pm
come to pappa
A long symmetric triangle on
Posted by junkie on 27th of Jan 2023 at 03:47 pm
A long symmetric triangle on Monday or Tuesday under today's highs that looks like a bull flag but will fail due to resistance, will do the job of engineering a meeting between the two. Just one idea from a previous episode of how this could be done!