zcoombs

zcoombs

=the pops will take out the bears and lead on the bulls. admit when your wrong and don't get set on anything in stone we will change rapidly guaranteed and then change rapidly again dont be the person always on one side

zcoombs

not rocket science here...almost all Megcaps staying in their down trending channels. could get a nice pop before spring if dems don't force a reverse split. Manipulation is all over this one and some willl get rich and some will get burned. tread carefully

zcoombs

dont get caught up here, not woth the risk imo. would like to see where this election pump lands.

zcoombs

technicals in times of financial crisis hold much less weight. Data and the Feds monetary policy will clearly dictate which way the market moves from here.

zcoombs

Could see a break down Friday into fed meeting next week. i dont see a break above 390 happening before then. but i could be 100% wrong.

zcoombs

TSLA reaching the high of its channel and the sp500 made 2 new consecutive lows for the year. A hawkish fed will likely bring us down farther.

zcoombs

only the 3rd time spy went under the 30rsi mark since the "covid crash". i added small positions in megacap tech stocks. maybe a small push up to 380 area where good news or bad news will determine the direction from there.

zcoombs

nflx short idea double top into fomc rate hikes...looks easy enough..

zcoombs

same point we bounced at when we hit june lows. other points show a bounce off this volume zone

zcoombs

sloppy. use the 5m overall-bearish expecting the bear flag to play out. MMs want more call buyers. should find new lows by next rate hike

zcoombs Updated 

still in bearish territory. watching to see if it can beak and hold some key resistance areas. if we have a bull run i believe it will be fast and explosive with 7-9% green days. until I see more strength in the markets, I remain a bearish stance overall.

zcoombs

cpi completes the technicals. Qt failing again to help with inflation. More bad news could be ahead. A major sell off could happen if something were to cause fear and uncertainty in the market. Wars linger on in the East. Winter is on the horizon and the East is a major player in natural gas.

zcoombs Updated 

an extended 4hr time frame of the chart posted before.

zcoombs

quick analyze of todays price action. i believe we retest fib .318 and maybe a push higher if we can hold. important note: Jpow will be speaking at 9:10am before market opens. Powell was hawkish during his last speech and the markets fell over 3% in a single hour.