Charts, charts and more charts

[Artycharty]

Someone wants some hefty margin calls to be made

 

[Artycharty]

Margin calls could have been dealt out

 

[Artycharty]

 

[Artycharty]

Nasty stuff

 

[Artycharty]

First 2 downmoves deviated from the trend.Then they bounced back.The third one has not bounced back...It might...there again it might not

 

[inzimam]

I've got massive long positions on the Dow but have put an equal short for the weekend

 

[Artycharty]

 

[Artycharty]

Not in Bear market territory as yet

 

[Artycharty]

RED BLOB...I will explain

 

[Artycharty]

https://twitter.com/dentalfloss1236


From that chart...It looks like 3700-3825 a strongish/wide supp area.There was a FAKE move up to RED BLOB and then a big Whacker down

 

[Artycharty]

The big Whacker from the RED BLOB makes it look like Armageddon..It wasnt really
Needs a bad bounce off 3700 area

 

[Artycharty]

If you take out that RED BLOB...The move down was from 4130 to 3910...Approx 5%.A big move but not as big as 4607/top of the Red BLOB to 3900 Approx 15%

 

[Artycharty]

Another supp area/prev rez marked

 

[Artycharty]

2 supp areas clustered...Just dont think you will get that big flush down....More like slow grind

 

[Artycharty]

Looks like we could get 3500

 

[Artycharty]

Could be wrong

 

[Artycharty]

Magnified 2 dark green lines.Above the upper was a BULL trap Is Below the lower a BEAR trap.?

https://twitter.com/dentalfloss1236/status/1528309027024908289/photo/1

 

[counter_violent]

Interesting vid, especially the statistics.

So my calcs are that the Nas dropped 30% from top to recent bottom.
S+P dropped 20% but recovered so as not to register as a bear market on Friday.
Dow dropped 15% for the same period but again rallied into the close.

Conclusion. If you need to be long, do it in the Dow. If you need to be short, do it in the Nas.
If you have no fekkin idea, play both sides of the markets, but take all your longs in the Dow and your shorts in the Nas. Obviously, work out stake sizing relative to each index value, when playing the long/ short option.

 

[Artycharty]

Mornin folks
🤪😜😝😝🤯

 

[Artycharty]

SPX traps
Above RED horizontal was a BULL trap Below BLOO horizontal is a poss Bear trap..Price has not broken lower as yet