hey @DaddySawbucks I was looking at this thinking we could have the thurs/fri/mon selloff followed by turnaround tuesday again but one thing I just noticed on the fans that I find interesting is that at tomorrows close (thick vertical blue line) intersects with the 2/1 line /and/ the previous relative low around 4370ish. we also bounced slightly from the 2/1 line today after failing 4/1. (note sloppy yellow circles for intersection points I am talking about. )
possible we also make a mini H&S (pink) - which also coincidentally points to around 4300ish, which again would be on the 2/1 line if the time it takes to get there is the same as the formation of the left shoulder (which coincidentally is also the end of the month, thinner blue vertical)
what is frightening though is that if we drop through that 2/1 to the 1/1 -- that is way way way way way way down there, 4109, which is ALSO the previous relative low. Im not calling for a 300 point drop tomorrow, but the confluence of all these things is creepy as best and super scary at worst. Worst part is that we are not even like sort of oversold, and the weekly/monthly charts do not inspire.
DaddySawbucks
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@tacosaurus, 'Worst part is that we are not even like sort of oversold' room to drop imo, yeah it's a damned waterfall. I made bank in am session and gave it all back in pm betting it would bounce. Thought sure it would after gapfill. This was a horror show.
bonnenul
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@DaddySawbucks, Me too. awful situation, too ugly. Today see a bounce first then down? i hope so.
laminaytrap
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@tacosaurus, I feel that way about fans, circles and even forks at times. Sometimes a tap at the top leaves a big space below.
DaddySawbucks
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@laminaytrap, These useless circle graphs are pure witchcraft imo. Tanked like Hell!
anezipromise825
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i was thinking it get to the last resistance point before coming down 🤷