There is nothing but air supporting the market if we drop out of the rally channel around the 3300 level. JP Morgan is warning you ...
lyrics by Killing Joke
Overcast the branches bare
The autumn leaves have fallen
I can hear the magpies laugh
I can't shake this melancholy
And then the cloud breaks
A ray of sunlight gloria
As if a promise
Some strange kind of euphoria
Dark phantoms of the past
Some things are best forgotten
Like Orpheus don't look back
The best years are waiting for you
And then the cloud breaks
A ray of sunlight gloria
As if a promise
Some strange kind of euphoria
And then the cloud breaks
A ray of sunlight gloria
As if a promise
Some strange kind of euphoria
Euphoria euphoria euphoria
16 comments:
Yah, if the channel is breached (the rally finished @ its dead-center), and then retested from below, we're headed across the giant megaphone to a low of 2125 or so EOM September. /ES futures starting to sell off tonight.
I feel like reading the Studs Lonigan trilogy. I'm feeling very wistful lately about the insane extent of the destruction of once-lively neighborhoods in old Chicago. Most of where Studs ran back in the 1930s is simply gone now, vacant lots.
/es getting rekt now overnight; may test 3300 soon!
I think we test 3300 soon as in today
Yeah, so then where is support? The 200 DMA is at 3100.
You can see both the megaphone and the channel I'm talking about in that chart.
Love it if we could cross the megaphone into EOQ.
I want to buy the dip into the Election. I also want to sell the heck out of the profound collapse that follows.
All green candles are lies!
Are you buying this dip then?
Heck, no. I will buy the EOQ if we cross the megaphone structure.
Is that 3100 on ES?
"Is that 3100 on ES?"
More like 2100
3100 SPX is the 200DMA -- we should at least pause there, right? 2125 is the bottom of the megaphone EOM/EOQ.
After that I would guess we'll get positive polls for the POTUS that will lift us nicely into the Election, when we get the legal challenge limbo and a true crisis of régime.
I think I should have closed my puts at EOD. Holding overnight is always a risky move
We're out of the rally channel now - re-test as OR? Quad-witch...
Then, Monday.
https://www.tradingview.com/chart/SPX500/9Q5jeru4-The-S-P-500-will-tell-us-what-it-s-up-to/
On the /ES, W2 retraced half, W4 has already found the .382, and W5 may be expected to "extend". But where to?
If we slip at the 200DMA, where will we get up again? The complacency in the volatilities is nuts. I seriously think something breaks and we waterfall these thin, fake markets.
Post a Comment