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Yes we are.....Indeed we are......altho......we are even MORE than that :
Friday closed beneath The Red and now ?,,,,,
She's down-GAPPING from the red.....She's entering the lower half of this red dot (I believe)
Not a great sign tho.....Hanging on by a thread
Will/could 420 get negated (the inverse H&S) ?
Pre-open Futes this morn hit 421 I see.
But now it's at 426 - Futes now down just 13 pts (she's now in the top half of the red dot)
BUT having etched a down-gap
LoL
Closed ;
Early Fri.
Excellent cherry-picking dude.....On Friday the Dow closed at 33,811
This was it 3 weeks ago ;
3 weeks later (early Friday morning).....Closed at 33,811
Same time Friday morn - The SPY.....Closed at 424
I'm pretty sure we're actually a lot more aware of what's happening than you are....
2:00pm eastern.....2hrs before close
Sunday April 17th
April 14th....
Tuesday targeted SPY 450
3 sessions later ; BOOM !
TESTING HTML Wrap
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=spy&x=53&y=19&time=1&startdate=1%2F1%2F2021&enddate=4%2F21%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=150+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
No big rush ?......Prolly gonna be okay for the month of April.....*Easy for me to SAY
Thing is.......That'd mean The Russell does this here ;
Boy, that'd sure flabberghast a bunch !
Another strong night tonight in China ?.....And I'd be tempted to construe the above as "Confirmation".
Might synch with Bitcoin $50,000 too !
And as soon as China's frickin' 18 got hit ?.......It rebounded to 22-5
Sho 'nuff it just TANKED down to 18,000
Then rebounded to 22-5......Risk-ON !.......Clonk ?.......RESUME The Decline ?
We've got frickin' algorithmic douchebags out there governing the entire world......Mathemeticians....."Scientists"
All simply applying old-fashioned T.A.
Here's what I think's freaking happened.....
Wednesday March 16th was Fed Wednesday.....
Markets went - Risk-ON !
Money / Investors (& Traders especially) just PILED into ANYTHING which could get hot
OILS !, EV's, Bitcoin, Ferts, SOX and even Pot stocks......
As soon as China's hit 18...............See top chart
As soon as China's 24 failed to hold ?.....Its' 18 became Magnetic.
And as soon as its' 18,000 level got hit ?.....
SPY, etc. (selected "targets"), went Risk-ON !
All just Wall St. Shennanigans !........The effing bass-turds !
SPY !.....444.....Will U look at THAT !
Cloud of DOOM is 448 !......least we have a MAP !
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=51&y=17&time=100&startdate=2%2F4%2F2021&enddate=4%2F21%2F2022&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
One week ago
I mean......Y'can TELL what the algos (etc.) are all frickin' thinking.....
It's like........R U kidding ME ?
ha - What a difference......Futures down 25
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168300024
The Red and the above horizontal
2 months ago......(just reviewing)
"That chart" was Hong Kong (HK 24)
Soon after fell to 18
SPY 444
Well there's just something ABOUT the SPY's 444 (dating back to September)
My suspicion is that it's likely to flex its' muscle again (there).
Quite the co-incidence too....
SPY 444 !......Let's SEE what "their Algos" do THERE !.....
WAIT !.......LOOK !.......IT'S THERE RIGHT NOW !
Boy, THAT (naturally) sure didn't take very long.
SPY 444 = A Level of some renoun.....
High 444.85
Monday the 7th (9 sessions ago) :
9 sessions later....
Whilst incredibly this week, the golds have gone in the complete opposite direction.....
Gold's threatening to break OUT whilst BTC is threatening to break DOWN !
BTC's 40,000 of course though, would indeed have a say (should things come to that)
Wild days in many things - With a Friday / Monday coming (with the S&P too, being a whole nuther story)
Intersest rates / War / the Covid still !
Unbelievable.......Truth Social
Must be many incredible gold charts out there
This from a month ago never materialized
Instead, that diagonal's done this.....(it's incredibly pointing right AT todays' gap)...Trw = FRIDAY
Yes, the fundamentals FOR gold may be finally recieving acknowlegment from instutional managers
The Emperors have no clothes
Closed at 3460 - Down .66%
Futures minus 3.5
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=DX%3ADAX&x=50&y=15&time=18&startdate=1%2F1%2F2021&enddate=2%2F21%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle
Dang.....Thought I was gettin' it figured on out last night (until I hit Hongkong) - bottom chart
This is as far as I got
The Russell 2000 is a wild thang....
Locate Decembers' Santa Rally and January 1st. That was sure one sneaky week !....
The X OVER was intense.
IWM
Now almost looks like a Rudolph or clown pattern....
The Russell 2000 equiv.
hmmmmm......
A return to 2100 may be a reasonable short entry.....
With Amazons' 3200 level tomorrow , providing precisely that :
BUT WAIT !.....Hongkong has re-opened !.....And its' 24 is a jaw-dropper !....
This could change everything...OMG
And that is as far as I got........Now I'm stumped.
But suspect that one ought to lean more towards the short side.....
Hopefully the wekend will shed some light
IWM = X OVER ZOOMED.....
This is a wild thang....
Locate (above) Santa Rally and Jan. 1st. That was sure one sneaky week !....
The X OVER was intense.
IWM
Now almost looks like a Rudolph or clown pattern....
The Russell 2000 equiv.
hmmmmm......
A return to 2100 may be a reasonable short entry.....
With tomorrow Amazons' 3200 level, providing just that :
Think so ? My goodness, I'd be quite surprised if this turned out that short-lived.....
'Cuz, if ya' give 'em an inch, they'll take a mile.
Meanstwhile a little look back :
Bitcoins volatility over the years:
Sure helps one to recollect and think, man, why didn't I buy some !
Mt. GOX (that name rings a bell)
https://inbitcoinwetrust.substack.com/p/bitcoin-suffers-8th-50-crash-in-its?utm_campaign=Crypto%20Newsletter%20%5BCID%202051%5D&utm_medium=email&_hsmi=202273144&_hsenc=p2ANqtz--5d-iKBEOSqV9uElLwzz_bIS9vdKBpNpU6TJRgUS3dSAT7CbhdffOyyPH4mv5vtPNHCCopvnpxfCzIXgOKGu_4C6WcVA&utm_content=202273144&utm_source=hs_email
Europe / Frankfurt / 15-5
Global Algos twitching wildly......
December 20th
3 weeks earlier (15-5)
NOW
January 14th
8 sessions later...........(whump !.....boing !) LoL
S&P Futures up 1 point......DAX at exactly 15-5
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=DX%3ADAX&x=59&y=9&time=18&startdate=2%2F4%2F2020&enddate=2%2F21%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
And it's ALL ABOUT the 15-5
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=DX%3ADAX&x=47&y=19&time=2&startdate=2%2F4%2F2020&enddate=2%2F21%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Not to mention Bitcoins' Action !
Trying like freaking hell to hang on.....(regain 40,000)
World is such a total joke !.....
So many out there CHARTING !
I don't envy Jerome Powell - He's just trying to contain it
I don't get it....
Hey so this Diagonal's not been factoring into your decisions at all ?
Global Risk-On !....
Shanghai will be closed all next week - Wall St. has a
At least, that's MY explanation for Fridays' market-wide risk on performance
Wall St., etc. will try their darndest to make Shanghai bounce from its' 3,400
It has all week to manufacture it.
Last chance for The Magnet to work its' magic !......Locate 3,400 below
The Alternative sends things plunging (world-wide).....Tesla down thru its' Diagonal (for eg.)
Shanghai 3,500 !..........Have been documenting IT now for 7 years !.....
Frequently right down to its' very minute.
This is The Big One
One week ago
Currently ; See top chart - 2 red circles
LAST 2614.....(not shown)
Like, we're talkin' some serious cheddar here lads.....
You'd better load up on yer ammo
Only thing possibly saving things now is Hong Kongs'closing bounce
Resulting in the Futures to now only be down 27 (they were down 60 earlier)
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=hangseng&x=53&y=20&time=18&startdate=2%2F4%2F2020&enddate=2%2F21%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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