Comments on: Index & Sector Key Support Levels To Watch

By: Jtrade236

Jtrade236 — Thu, 30 Apr 2020 16:40:03 +0000

In reply to Lake4. Is that a cycle projection?

By: Araleia

Araleia — Thu, 30 Apr 2020 16:37:45 +0000

In reply to tslamoon2022. You will be surprised. There were many, many experienced analysts laughing at the bears on Twitter on yesterday’s fake out.

By: Lake4

Lake4 — Thu, 30 Apr 2020 16:35:47 +0000

In reply to Jtrade236. Today not a rapid deceleration as March 23.

By: Divergent Low Account Balance

Divergent Low Account Balance — Thu, 30 Apr 2020 16:23:53 +0000

In reply to gmatache. Hope so, but flags usually happen with lighter volume.

By: tslamoon2022

tslamoon2022 — Thu, 30 Apr 2020 16:22:58 +0000

In reply to FooHawk. I have just one question, who in their right mind would be a SPY buyer right now, after this huge rally, SPY almost hitting 200 day EMA, and flirting with 61.8 fib, now breaking below the pretty obvious trendline downwards (I saw some trendline breaking discussions on other forums), knowing that Q2 for most companies is going to be absolute garbage ... I suppose there will always be dip buyers but this really seems like a hopeful turning point for bears.

By: Jtrade236

Jtrade236 — Thu, 30 Apr 2020 16:22:32 +0000

The Stock Market has gone up at an extreme slope/rate. I hope gravity does its thing here.

By: FooHawk

FooHawk — Thu, 30 Apr 2020 16:03:40 +0000

Looks like we are solid below the trendline with SPY.

By: tdubfl

tdubfl — Thu, 30 Apr 2020 15:54:04 +0000

In reply to gmatache. Thanks for the chart. Reminds me of the catheter commercial, “it hurts less”

By: becky

becky — Thu, 30 Apr 2020 15:43:58 +0000

In reply to Araleia. Damn some of my hedges expire on May 15

By: becky

becky — Thu, 30 Apr 2020 15:41:21 +0000

In reply to haansg. Well, it's at support right now. Nice breakdown. Target is also rolling. There is going to be a big strike tomorrow AFAIK.