Spidey is not in effect until the "W" doesn't hold at second blue line:
This is surprising Moving averages had no effect as support but looking like they are acting as resistance now:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Spidey is not in effect until the "W" doesn't hold at second blue line:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
The crazy kangaroo action and those fairly large gaps makes me wonder what's instore for the rest of the month starting Monday next week.
I sure would like to catch one of those "melt-up's" for a few days if one happens, but I'm such a chicken sh_t.
Thanks again for all the great charting you do ! ! !
Hi Bquat! Just a quick drive by from me....earlier in the year I had the mid 3900s penciled in to watch on the SnP. Once that was decisively broke amd we ended with the lows in June, I made the decision to stay in g till further notice. The adage of not fighting the fed comes to mind. I see, at a minimum, a retest of the June lows coming. If the layoff rumors persist with some of the big boys then I don't see that holding and expect this crap to drag on into mid 2023 with some of my scratches showing around 2500 as a stop point (scary!).
Hope all are making money, staying healthy amd happy, and planning a good weekend!
Still waiting for September surprise Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Yes support seems to be holding but with my Queen"s funeral being over the British will release the hounds on inflation concerns: JMO
Another free chart from my guess what's yours?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Little more weakness with close below good support:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Well, the market looked good until it wasn't.
May the force be with us.
Hmm, doesn't look good at all.
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