SPX Final Support: 200 WMA

11 thg 3, 2020

Chart says all. Has been support in 2015/16 and 2018. WIll it hold again? I hope so; I'm going long here. 2054 is just 90 pips below now, IMO might see it this week.

We do have a Bearish engulfing candle on 3/11, ominous for lower... but price forms a descending wedge, pop could come anytime now IMO.

The selloff was so rapid and intense, the buyback will be a vertical recovery IMO.

Not advice; trade at your own risk, GLTA!

12 thg 3, 2020

Ghi chú

Futures trade at the 200 WMA now. Expect test. I'll be adding to this position.

12 thg 3, 2020

Ghi chú

Another egg laid by the Great Donald drives it below 200WMA. Futurz form a descending narrowing wedge, a Bullish formation. Expect a strong bounce soon; legislation to pass on Friday and a big rate cut next week will turn it IMO.

Holding the longs and adding here! GLTA!

12 thg 3, 2020

Ghi chú

Another circuit breaker... wow. Panic... madness.

12 thg 3, 2020

Giao dịch đang hoạt động

Added to SPXL long position. Holding on by fingernails. It will bounce soon IMO- looks like a 5th wave, capitulation. Hang on and grit your teeth!

12 thg 3, 2020

Ghi chú

SPX now -24%, DJIA -28% in three weeks. Very close to pivot IMO, average news-driven panic drives ~29%. It will bounce.

12 thg 3, 2020

Giao dịch được đóng thủ công

Yeah its insane we're just gambling. Stopped it out; wait it out!

13 thg 3, 2020

Ghi chú

Looks like the relief rally is starting up. Gapped up; closed gap; and lifts; watch the close; if Monday is also green we got a bottom in place here.

13 thg 3, 2020

Ghi chú

Still dicey.... no positions over weekend; Monday is a crapshoot.

Did okay day trading the bear flag... every one of these has broken.