[SPX] Support Cross Imminent! Good Luck Tomorrow Papa Powell
Updated
Boy am I glad my portfolio doesn't depend on Papa Powell delivering an optimistic report tomorrow.
No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.
Gonna sleep peacefully tonight unlike the perma Bulls out there haha.
That high ADX cross with fast dropping ROC and dipping DPO is strong sell.
RSI on track to drop below long term uptrend channel and follow RVI, strong sell.
DMI holding steady, ready for a downswing.
MACD holding steady for the cross with lots of room for a downswing.
I reupped my shorts ~15% today right before close.
TVIX and VIX both increased 20% while SPX traded sideways lol.
Wait till this thing goes down even a little!
TRADER ASSIST NEEDED:
Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.
If it holds at 2 then that's very bearish.
Also the indicator doesn't match the actual data which is confusing as hell:
barchart.com/stocks/quotes/$TRIN/technical-chart?plot=BAR&volume=0&data=I:480&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=480&sym=$TRIN&grid=1&height=500&studyheight=100
It's been at medium Buy all day long, ~.42 and now flip to 2 after close? But data shows 1.7 all day. So weird.
Any insight helpful!
No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.
Gonna sleep peacefully tonight unlike the perma Bulls out there haha.
That high ADX cross with fast dropping ROC and dipping DPO is strong sell.
RSI on track to drop below long term uptrend channel and follow RVI, strong sell.
DMI holding steady, ready for a downswing.
MACD holding steady for the cross with lots of room for a downswing.
I reupped my shorts ~15% today right before close.
TVIX and VIX both increased 20% while SPX traded sideways lol.
Wait till this thing goes down even a little!
TRADER ASSIST NEEDED:
Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.
If it holds at 2 then that's very bearish.
Also the indicator doesn't match the actual data which is confusing as hell:
barchart.com/stocks/quotes/$TRIN/technical-chart?plot=BAR&volume=0&data=I:480&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=480&sym=$TRIN&grid=1&height=500&studyheight=100
It's been at medium Buy all day long, ~.42 and now flip to 2 after close? But data shows 1.7 all day. So weird.
Any insight helpful!
Note
So far so good!Let see if we get the disappearing act tomorrow or if we have to wait another week.
Note
Nailed it haha, lets see if we can get a complete disappear within the circle :).Note
Halfway there!Note
Stopped right at predicted resistance!
Data analyst with a passion for best fit lines B)
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