for all you bears...

[gharghur2]

Major MACD divergence on SPX hourly charts and 5 waves down:

 

[jsmooth]

Great charts gharghur2

 

[fstrader]

Quote from gharghur2:

Yes, Tech is the Nasdaq ... and it's been strong throughout

That's why it appears to me like an ongoing 0.618% retracement (from April lows) in the Dow and S&Ps, but only a 0.50% retracement in the Naz. Posted these numbers on another thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=56798

It appears the Naz is looking at 61.8% too. If that doesn't produce a bounce...

 

[gharghur2]

Quote from fstrader:

It appears the Naz is looking at 61.8% too. If that doesn't produce a bounce...

Yes, 2024 is a 0.618% retracement.

 

[gharghur2]

Quote from jsmooth:

Great charts gharghur2

thank you

 

[EqtTrdr]

definitely agreed!!


thanks for the great charts

 

[gharghur2]

Quote from EqtTrdr:

definitely agreed!!


thanks for the great charts

Is today the day, that the opening doesn't get sold off?

 

[gharghur2]

Quote from gharghur2:

Is today the day, that the opening doesn't get sold off?

No, but the bottom was put in...SPX 1163 and NAZ 2026!

Now we need a print of SPX 1190 and NAZ 2099 by mon/tues