Very scary chart for the bulls?

[volpri]

Hmm, if Amazon coming out with it's super numbers today cannot lift the NQ to new highs, the bull market is truly dead? After all, it is the highest-weight-average on the Nasdaq, yes?

Microsoft yesterday was great on the report. But today, Intel+AMZN+MSFT has helped nothing, and the NQ is down a bunch. What is left to push the Nasdaq, and thus the NQ, to new highs? NOTHING.

The China Trade thing is priced in, the durable goods number was weighed, measured, and found to be wanting. Tomorrow is the Advance GDP. Unless that comes in SPECTACULAR, I'ma gonna' have to bail on my longs and lose months of progress.

As I mentioned in the first post...It sux being a bull currently.

You sure about that?

https://www.breitbart.com/economy/2019/04/26/us-economy-grows-3-2-percent/

 

[maxinger]

R-E-S-I-S-T-A-N-C-E

is spelled as

O-P-P-O-R-T-U-N-I-T-Y.


Sames goes for S-U-P-P-O-R-T.

____________________

 

[murray t turtle]

You sure about that?

https://www.breitbart.com/economy/2019/04/26/us-economy-grows-3-2-percent/

%%
Bull markets have no resistance;
bear markets have no support+ when SEC fines TSLA $40,000,000...…………………………………………………………………….

 

[bone]

Can you spell R-E-S-I-S-T-A-N-C-E?

View attachment 201041


Can you spell M-A-J-O-R R-E-S-I-S-T-A-N-C-E?

View attachment 201042

Do these patterns look familiar?

Sux to be a bull at the moment.

What happens to old Resistance?

 

[Buy1Sell2]

Can you spell R-E-S-I-S-T-A-N-C-E?

View attachment 201041


Can you spell M-A-J-O-R R-E-S-I-S-T-A-N-C-E?

View attachment 201042

Do these patterns look familiar?

Sux to be a bull at the moment.

While I agree with this, I would conjecture that support needs be broken definitively prior to action for most retail.

 

[murray t turtle]

What happens to old Resistance?

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It means much less in a good uptrend, like SPY/bull market.And while its true QQQ tends to outperform on upside[+ cut thru resistance easy/uptrend; QQQ pays less of a dividend + has gone down more in summertime. NOT a prediction, not a scary chart.I never buy food @ AMZN

 

[Overnight]

What happens to old Resistance?

*sighs* yes yes, old resistance becomes new support. Blah blah. We shall see. But it is still a very scary chart for the bulls.

 

[murray t turtle]

*sighs* yes yes, old resistance becomes new support. Blah blah. We shall see. But it is still a very scary chart for the bulls.

%%
Scary chart for bulls?? Not if they have pulled profits for many years, out of upTrends/mainTrends. SPY is still a good/excellant uptrend; could go past $300+...........
QQQ tracks NasdaQ fairly well- but bull markets have no resistance; bear markets have no support[generally speaking]
Onight; another reason i 'm not scared , even of a 50%drop in QQQ or 50% increase from here =not long or short QQQ as of today[SAT,MAY 4, 2019,LOL] Thanks,