The_Unwind

Shake OUT Bottom in the S+P at 2670 Low

SPCFD:SPX   S&P 500 Index
328 views
7
328 9
A SHAKE OUT LOW at S+P 2670.75 on 11/15/18,
looks to be in place, short term.. on the chart.

I say a shake out low, because I do not see this
a full capitulation panic bottom, that is ultimately needed to cleanse the market
of all the weak hands available.

There were simply too many hungry bulls, or buyers
looking to be fed, and made whole at 2670 this morning.
To me it was just too pat, and ultimately too simple a bottom to recognize.

But you never know...
Things can change in a heartbeat,.. in market psychology,
...once traders sense a bottom could be in place.

I am using 2719 as a STOP.

ANY ..CLOSE.. BACK ABOVE 2719
WOULD MARK AN IMPORTANT TURNING POINT, + BULLISH REVERSAL.


THE_UNWIND
11/15/18 1210 PM
NEW YORK


I agree with your views here only thing holding me back is that would we get two perfect panic bottoms at the same area if it retested the lows, looks like we're setting up for big move soon
Reply
@ATCTA

Jay, you know what, I had never considered that "realm",
2 capitulation bottoms in the same area, doesn't work for me either

A break to new lows below 2532, by the end of the year however

Keep me posted Jay if you see anything . hank you. Excellent observation !
Reply
@ATCTA,

Thank you. Excellent observation !
Reply
yups
Reply
The_Unwind judejames
@judejames,

Ha.

Thanks jude :) Just like you.

Btw...Where have you been ?
Reply
judejames The_Unwind
@The_Unwind, i have been here only, making dough, scalping the shit out of this bear market...2640 lets bring it on... actually 2500's possible.
Reply
judejames The_Unwind
@The_Unwind, and yaa some folks talking about reverse head and shoulders, after all those death crosses have they gone insane?
Reply
The_Unwind judejames
@judejames,

Good man.
You're right where you need to be.

Excellent !
Reply
judejames The_Unwind
@The_Unwind, keep posting bro...its fun..
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out