Comments on: Stock Futures Testing Important Levels https://rightsideofthechart.com/stock-futures-testing-important-levels/ Stock Trading, Investing & Market Analysis Sun, 29 Sep 2019 16:55:25 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: bryrune https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7223 Thu, 22 Aug 2019 18:44:42 +0000 https://rightsideofthechart.com/?p=192621#comment-7223 In reply to Hoperush.

Looks to me like we went down and are headed right back to 7740 awaiting the powel speach.

]]> By: Hoperush https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7218 Thu, 22 Aug 2019 15:42:07 +0000 https://rightsideofthechart.com/?p=192621#comment-7218 Is this still a failed breakout scenario with possible more downside , we shall see ? But the selling was impulsive though on hourly so

]]> By: wilhud https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7217 Thu, 22 Aug 2019 14:49:49 +0000 https://rightsideofthechart.com/?p=192621#comment-7217 This is what I’m seeing right now. False break out? https://www.tradingview.com/x/qGcJECTp/

]]> By: bryrune https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7216 Thu, 22 Aug 2019 14:36:35 +0000 https://rightsideofthechart.com/?p=192621#comment-7216 Funny story,

Me an my wife talk trade over dinner (she works data analytics I stay home trade and watch our daughter) so she was asking how it was going and I was telling her everyone is waiting on the speech from powel but the market is a bit on the high side right now, if you really wanted to make money on that speech or force his hand to cut rates again you would want to see a nice correction.

]]> By: bryrune https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7215 Thu, 22 Aug 2019 14:32:03 +0000 https://rightsideofthechart.com/?p=192621#comment-7215 In reply to wilhud.

that’s what I’m seeing the algos seem to be full and it’s time for the rest of us to get some pie; but I’m watching gold and treasury slide down ever so slightly, but silver seems to be holding up ok.

They say the greatest curse is to live in uninteresting times, and boy is that not the case right now.

]]> By: wilhud https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7214 Thu, 22 Aug 2019 14:25:17 +0000 https://rightsideofthechart.com/?p=192621#comment-7214 Did we just pop those stops losses and reverse?

]]> By: aturchin https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7212 Thu, 22 Aug 2019 13:34:56 +0000 https://rightsideofthechart.com/?p=192621#comment-7212 In reply to aturchin.

For instance, TLT moved in unison for most of 2017 and then diverged in 2018. Thus, it seems completely unreliable as a type of technical analysis. JMHO but curious about yours.

]]> By: aturchin https://rightsideofthechart.com/stock-futures-testing-important-levels/#comment-7211 Thu, 22 Aug 2019 13:30:19 +0000 https://rightsideofthechart.com/?p=192621#comment-7211 Randy, technically it sure seems like both gld and spx are topped and due for a pullback. The only thing that makes me suspect is your suggestion that they move opposite to each other, but looking at their charts overlayed, it shows MANY times historically that they move together. Sometimes for a month or 2 like this summer or sometimes for years like 02-07. Is there really any validity to the idea of risk on and risk off then? I see a similar history of TLT:SPX.

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