patricktapper

patricktapper

XJO and AUD somewhat correlated - global money flows

patricktapper

ES getting ready for the next leg down

patricktapper Updated 

Capitulation... volume blowoff. Who do you think has sold into this?... Now if Amazon starts to go back to normal as people leave their homes, do you think they will be spending money online as much?

patricktapper

ES

patricktapper

Make or break on 4 hour chart

patricktapper

Based on Bill Williams wave count of AO

patricktapper

This is the line to watch

patricktapper

Buying volume is drying up. As people leave their homes they'll be watching less TV. Stock prices now are more about consumer behaviour (including retail traders) than fundamentals or technicals. More important to follow supply and demand with volume that fundamental logic.

patricktapper Updated 

There is a gap to fill at 2514-2525 level from earlier in March. See what happens

patricktapper

Has to either fill the gap below or above (or both). Looking weak now. Showing buyers being absorbed. If it fills the upper gap it will enter the area where large selling volume was apparent in early March.

patricktapper

Looks to be running out of steam and also approaching the same levels from March 12 where the largest amount of selling entered the market this year.

patricktapper

We are in the zone where the most amount of selling happened on the large down move. Buying is being absorbed and there is a lack of new buyers in this market.

patricktapper

Showing signs of absorption and weakness today

patricktapper

XJO at monthly pivot = this is not a good place to be....

patricktapper

Fits the bill. Too much enthusiasm.. here comes reality

patricktapper

If you assume that the economic fallout with COVID-19 will be worse than the GFC, and this is where we are today - 24th March, 2020: - infection rates in Australia and the U.S. are still spiralling; - all restaurants, bars, cinemas and large public spaces are closed, as are our state borders - our national borders are closed; - despite self isolation being...

patricktapper

Potential relief rally at Yearly S2

patricktapper

Potential relief rally in Small Caps - watching yearly pivots