The Easiest call of the year
Market pulled back to the lower end of a bullish channel.
$VIX rallied to the top of a bearish channel.
Super easy for anyone with an ounce of charting skills to find.
You're homework is to find those (channel) targets, and to come up with the next target.
Return for tomorrow's update, to compare notes
Here's a clue: If you know where to look, I've already given you half the answer, to the above (2 part) question.
This is your chance to learn how to chart like a pro, so get after it!
I suggest using stockchart.com... and I receive no compensation for recommending their platform
Yesterday's action
Yesterday, I called for a slightly lower low, and a test of the 50 day moving average, and we got that.
$SPX - Yesterday's Stupid Simple Target
We took out my target at least, and may have already built a base. Think today may have been slow, do to Ash Wednesday. https://t.co/xIqkxuliUa
— Veteran Market Timer (@3Xtraders) February 22, 2023
I can't seem to find the updated chart this morning, but that target was taken out, as I tweeted
NVIDIA
When NVIDIA lifts the entire market you had better be paying attentionhttps://t.co/wWYwPOPLzJ
— Veteran Market Timer (@3Xtraders) February 23, 2023
Stock Market Crash?
This is what was trending - on Twitter - yesterday
That's a contrarian indicator
Market futures higher. So much for that #stockmarketcrash hashtag...https://t.co/rygNsbr1dP
— Veteran Market Timer (@3Xtraders) February 23, 2023
Contrarian Pattern
$SPX - Every contrarian view, deserves a contrarian pattern, and you can bet that the market bears are still clinging to this bearish Head & Shoulders Pattern.
Adding that chart to the #1 spot in the Public Charts Area
There's only a couple things I'm unsure of, and I'll mention those in the next update.
good luck, AA
No comments:
Post a Comment