Comments on: Large Cap Indices Approaching "Sweet Spot" of Wedge Patterns

By: Dean Drummond

Dean Drummond — Thu, 25 Jan 2018 21:16:46 +0000

In reply to rksleung. AAPL closed below the rising wedge/uptrend line on the daily time frame today. I don't expect any huge follow-through selling, at least for another week since they report earnings after the close next Thursday. First support below around 168.50 & the stock is also sitting on the much more technically significant uptrend line on the weekly chart. Major sell signal in AAPL pending a solid weekly close below that TL.

By: rksleung

rksleung — Thu, 25 Jan 2018 20:59:39 +0000

Why don’t the FED just shoot anyone that sell QQQ lower? Seems like they’re propping it up to make sure a GREEN CLOSE. WTF is that!!!!

By: rksleung

rksleung — Thu, 25 Jan 2018 20:52:18 +0000

Look at those suckers piling into FANG when AAPL is down, preventing QQQ from dropping at all. What a bunch of suckers!!! Tomorrow, when FANG drops, they will just pile back into AAPL to prop up QQQ again.
Up from 160 to 170 in 15 days and doesn’t even allow a retrace back to the 0.618 Fibonacci retrace at 166. WTF!!!

By: natdicarlo

natdicarlo — Thu, 25 Jan 2018 14:47:20 +0000

semis go red today Randy and its on!