Infamous Double Top on All 3 Stock Indices

ElCubano · May 13, 2019

7920 gets closed on the daq.

NY_HOOD · May 13, 2019

Both the nasdaq and s&p both blew through the 50 dma. The dow went through both the 50 and 200 dma. This is not a good sign. This market is going much lower.

murray t turtle · May 14, 2019

NY_HOOD said:
Both the nasdaq and s&p both blew through the 50 dma. The dow went through both the 50 and 200 dma. This is not a good sign. This market is going much lower.

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True, but the surprise is the DOW/DIA went up that far LOL

Looks like lower, for SPY,QQQ. I figure SPY+ QQQ finish up strong this year; but all 3 of them could easy retest the 52 week lows. NOT a prediction+ not much of a DOW watcher.

ElCubano · May 14, 2019

ElCubano said:
7920 gets closed on the daq.

ElCubano · May 16, 2019

ElCubano said:
7920 gets closed on the daq.

Now what?

nooby_mcnoob · May 16, 2019

ElCubano said:
Now what?

Wait

murray t turtle · May 19, 2019

nooby_mcnoob said:
Wait

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Let profits ride.
I like what a DOW derivative traded noted + he made some big bucks,[ public trades] day ttrading DOW derivative. '' DOW is correlated too itself''LOL So true...…..,. ,,

murray t turtle · May 20, 2019

Scataphagos said:
The jury is still out on this just yet, but it could be that we look back on this time as exactly what you said. Don't want to be on the wrong side of it.

%% 50 dma looking more bearish....................................................

Scataphagos · May 20, 2019

murray t turtle said:
%% 50 dma looking more bearish....................................................

Great thing about such presumed "important levels"... is that it's logical to play "long above, short below". Complicating things this time is the nearby 200 DMA..... same principles, same reason.

murray t turtle · May 20, 2019

Scataphagos said:
Great thing about such presumed "important levels"... is that it's logical to play "long above, short below". Complicating things this time is the nearby 200 DMA..... same principles, same reason.

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That + SPY is a buy, if one like to buy late, in the year+ down from 17.777% gain/oops. Actually pre-election years tend to be/finish super strong; not so much the summer ......LOL If one likes to buy above 50 dma,+ some still are =SDOW .....LOL. NOT a prediction,+ not much of a DOW watcher.

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