Breakdown about to occur

Quote from michaelscott:

I didnt even read what you wrote. Your a nameless, faceless stranger who I dont want to waste any more time thinking about.

As for the SPX, it has stalled at 1532. I really thought it would test the supreme support at 1550, buttttt.... I dont know why I fear price when it gets into the apex of a triangle.

Call me crazy, call me a jackass, drop coverage of me, but I just have this itch and Im not sure where it comes from exactly. These triangles make me a little bit nervous.

By the way, on the attached chart, 1553-1223= 330

1440-330= 1122 (actual bottom of SPX drop=1081)

If the price stalls at the current point or if it does not go much higher then 1550, then we will come back down to test 1440.

What a coincidence that almost every SPX drop in the last few years has been about 100 points. What a coincidence that the SPX had failed at 1440 in 2000. What a coincidence that the price seems to be stalling at the very point where it started to drop in 2000.

All these coincidences are just a figment of my silly jackass imagination I guess...

Sometimes I wonder why all these hedge funds waste their time employing all these quants. Its all about buying on the dip baby and thats it.
More...

So are you saying your a quant?
 
What is unclear about what is happening to the ten-year in this chart? Even a caveman can figure this one out.

Quote from efficiency:

WOW!

Been here all of two months, got 800 posts under YOUR belt and the whole gold market pegged.

Now.....IF you just get a little more clarity on Treasuries.

"If/then" dates back to the dawn of computers. But then..........you know that.

As a special sidenote, breakouts that occur well before they reach an apex are more reliable/less apt to be headfakes. But then, you know that.
More...
 

Attachments

Quote from michaelscott:

What is unclear about what is happening to the ten-year in this chart? Even a caveman can figure this one out.
More...

This runnup in treasury yields is actually contributing to the strength in stocks. Yes, we will reach a point where yields weigh on stocks but we are not there yet.
 
Quote from dealer:

This runnup in treasury yields is actually contributing to the strength in stocks. Yes, we will reach a point where yields weigh on stocks but we are not there yet.
More...

From an allocation point of view? Sell notes to buy stocks? I only ask because you say "contributing"; to me they're correlated but there's no causality.
 
Quote from basis:

From an allocation point of view? Sell notes to buy stocks? I only ask because you say "contributing"; to me they're correlated but there's no causality.
More...

I have no hard evidence but I think there's an unwind going on. Selling out of tsy longs and buying back equity shorts. Just a hunch.
 
1530 is the new resistance with a target of 1523. Potential pivot points are 1525, 1523, 1520 and 1515. If the price falls below 1515, then big chance it will land right smack at 1440. If price pivots off of the pivot points, then it will make a run for the resistance at 1530 and possibly towards 1550(ultimate resistance).

Need fed rate cut at this point to go through ultimate resistance.
 
no way fed rate cut is happening until AFTER market tanks (ok, so very low probability based on past data).

Why cheerleaders keep clamoring for rate cuts is beyond me. They ignore data pointing to recession when it comes to setting market outlook, then spin it back negative when chanting for cuts.

The way i see it, we enter recession, market promptly tanks, and THEN rate cuts come. We have yet to get to any of those pts yet.
 
Quote from michaelscott:

1530 is the new resistance with a target of 1523. Potential pivot points are 1525, 1523, 1520 and 1515. If the price falls below 1515, then big chance it will land right smack at 1440. If price pivots off of the pivot points, then it will make a run for the resistance at 1530 and possibly towards 1550(ultimate resistance).

Need fed rate cut at this point to go through ultimate resistance.
More...

The problem is that the indexes are driven mostly by fundamentals and not technicals. Your system will probably fail as a result of this.
 
You must log in or register to reply here.
Back
Top