DerekD_

$SPY - Here we fucking go again

AMEX:SPY   SPDR S&P 500 ETF TRUST
@ this point I couldn't give -69 fucks about whether you're bullish or bearish . From now on if anyone says they're one or the other - you're automatically losing your $. There's 0 TA that anyone can give a perspective on that would give a legitimate outcome for the long-term. For the short-term, no, the bull run isn't over (short-term as in, until Monday. Next week). For the mid-term, just based off the advance/decline issues for the 55 (low) MA to cross back above the 180WMA - might as well just buy puts that expire within 2 weeks. There's a 6 day gap from rectangle area where those lows still account for positioning of the white MA as of now. After that, another 4-6 candles that make new lows. Technically speaking - there's 6-12 days (max) to make / test the highs (or at least, NOT falling below 180 WMA ) if not to set a bull-trend for good (assuming all else equal). Realistically speaking, if there's gonna be another dip, we're going right back to french kiss the low 55 MA as if the price hasn't seen it in longer than 2 weeks. If you're hoping for a dip - you're hoping to see it within EOW if not Monday. If you're expecting a break of the 161% fib - you sure as shit should aim for the halfway point between 161%-200% if not 200% entirely. But yeah I mean other than that nothing rhymes with "bullish week" or "earnings season" like a gravestone doji on a Tuesday.

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Illuminati knows :)
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Wish I read this 7 hours ago.
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DerekD_ psantos1091
@psantos1091, Not necessarily done making / testing highs though (I think, at least). But if you're long I'd wait to see where resistance is @ later today / tomorrow to figure out a good exit price. Good luck man
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DerekD_ psantos1091
@psantos1091, Oh thank god. Just by seeing daily range - we're safe lol. I'll post an update chart soon just based on what I see next
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