SPX
For Chartsmaster and pedro
The Chartology Looks Bearish at this point to me . Breakdown done and now the backtest in progress
Rising Support line needs to be watched and 200dma and horizontal support…if they go…Bombs Away !
(revised)
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* GET YOUR IVERMECTIN
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WE ARE
* MASKS HARBOUR PATHOGENIC
* BAFFLED
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* MIKE YEADON
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* FIRST A TRICKEL THEN A FLOOD
* SPIKE PROTEIN = CANCER
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TOTALITARIANISM
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* THE FREEDOM CONVOY
* RESPIRATORY VIRUSES
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* POWERFUL ANTI CANCER DRUG
* THE LYING MEDIA
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* 34% OF CANADIANS UNVAXXED
* DEFINITIVE ARTICLE
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* 100 MILLION AMERICANS
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* HISPANIOLA
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* 400 STUDIES
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* MICROBIOPHOBIA
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NATURAL VS ARTIFICIAL IMMUNITY
*DECODING THE NWO
PRE EXISTING T CELL IMMUNITY
THE SPANISH FLU OF 1918
THE ORIGINS OF COVID
POSTING INFORMATION
Agree, FGC, that the entire stock market looks lower. My post was focused on the over valuation and chart of the breakdown in NDX. While showing strength again early today, most of those top ten components haven’t bottomed yet.
No one knows with even measured certainty.
That’s why the best traders take their shots and then relentlessly apply money (risk) management. Stops. Along with careful position sizing. THOSE are priorities #1 and #2.
But I’m going out on a limb here, based on a one day peek at my Oct. charts, and say this is buy the dip territory, soon if not now. I don’t know if we get one more (marginal) low, down near the 200dma, but if you see a spike down and reverse from there, recognize it. Sure, I could be wrong, but see #1 and #2.
I am leaning towards somewhat of a reversal back up here. Markets love screw everyone, especially both bulls and bears on the way down. A rally here would suck in the bulls, and a capitulate some bears. I am holding a small put with some decent length expiration that I will add heavily to if we do rally here for a week or two.