Comments on: Stock Futures Rally Into Resistance

By: trade0039

trade0039 — Wed, 05 Oct 2022 13:41:53 +0000

Hello Randy!

Any Updates on the SPY and QQQ?

Ty!

By: jmccallum

jmccallum — Tue, 04 Oct 2022 23:23:23 +0000

In reply to michaelbt2. Nice chart micaelbt2. that's the way i see it too.

By: michaelbt2

michaelbt2 — Tue, 04 Oct 2022 22:43:09 +0000

I shorted this morning and “lost.” After staring at the charts trying to figure out the next best move, it appeared (appears) to me that today was a consolidation before the next leg up to the more “major” trendline.”

We bounced around in the small pink box (pictured) today. The green line is the approximate continuation length.

Unless we break into the yellow channel which I’ve had marked this way for sometime. Thus, that would align with Randy’s morning projection.

https://www.tradingview.com/x/HR2e7oVc/

By: Mikeflegel

Mikeflegel — Tue, 04 Oct 2022 18:32:43 +0000

Sò Randy, until capitulation the bottom is not in. Nothing close yet. If someone agrees with you that the bottom is not in in where would be a spot to jump short Again? I hope the cleanup is going well for you. It seems difficult to me to live in area subject to Hurricanes or tornadoes…

By: Mikeflegel

Mikeflegel — Tue, 04 Oct 2022 17:23:20 +0000

Gold would seem to be a buy here

By: olivia

olivia — Tue, 04 Oct 2022 16:49:16 +0000

Hi Randy,
Can you provide an update on crude oil? Thanks!

By: sberenschot

sberenschot — Tue, 04 Oct 2022 16:34:01 +0000

Spx looks like its basing for next leg up. What is your thought