yeah but it should at least be treated as a 'shot across
the bow', first off we had 5 waves up, which we were discussing and
could see a rug pull at any moment.
that 90% down day near major tops is a rare event, it appears
that most of them that occurred in the past were a bit early before
a major high, though I see one that occurred right near the
high.
honestly I would love the market to push up again, would give
another opportunity for a short. Otherwise for now watch to see if
a lower high forms on a bounce with that small SPX sym break
remember per that weekly QQQ chart I've been posting, been
looking for an end of this move as wave v of major III, so soon
we'll get that major wave iv correction, either it's started or
will after another high first
I agree with the wave concept. But we had quite a few
divergences that were negated many times last 2 months. So far the
21 day MA continues to act as support. Will see if it breaks
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One down day and bears
Posted by arun on 13th of Feb 2024 at 06:45 pm
One down day and bears already at climax!!!
Other than VIX spiking insanely , stock prices definitely didn’t reflect that panic. Party is back on.
yeah but it should at
Posted by matt on 13th of Feb 2024 at 11:11 pm
yeah but it should at least be treated as a 'shot across the bow', first off we had 5 waves up, which we were discussing and could see a rug pull at any moment.
that 90% down day near major tops is a rare event, it appears that most of them that occurred in the past were a bit early before a major high, though I see one that occurred right near the high.
honestly I would love the market to push up again, would give another opportunity for a short. Otherwise for now watch to see if a lower high forms on a bounce with that small SPX sym break
remember per that weekly QQQ chart I've been posting, been looking for an end of this move as wave v of major III, so soon we'll get that major wave iv correction, either it's started or will after another high first
I agree with the wave
Posted by arun on 14th of Feb 2024 at 09:11 am
I agree with the wave concept. But we had quite a few divergences that were negated many times last 2 months. So far the 21 day MA continues to act as support. Will see if it breaks