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Bear Market Resuming?

Reading price charts which may give you direction in the market using established TA methodology
vand
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Bear Market Resuming?

#623074

Postby vand » October 25th, 2023, 6:00 pm

Uptrend support was already violated a while back, so retracement to the 38% Fib was always a high probability... now that we are there the S&P really needs to bounce from here @4200 for the bull case to be kept intact, otherwise it's likely we're heading down to a lower Fib retracement:

Image

MrFoolish
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Re: Bear Market Resuming?

#623260

Postby MrFoolish » October 26th, 2023, 4:29 pm

So are you buying or selling?

vand
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Re: Bear Market Resuming?

#623373

Postby vand » October 27th, 2023, 5:38 am

MrFoolish wrote:So are you buying or selling?


Yes I am buying or selling

GoSeigen
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Bull Market Resuming?

#626118

Postby GoSeigen » November 8th, 2023, 8:48 am

Anyone else in the mood to YOLO? I've been impatiently waiting for banks to go, and today it looks like CBK is finally breaking out of an eight-month consolidation.

GS

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Re: Bull Market Resuming?

#626182

Postby GoSeigen » November 8th, 2023, 2:05 pm

GoSeigen wrote: today it looks like CBK is finally breaking out of an eight-month consolidation.


Hmm, spoke too soon? Always worth waiting for the weekly candle to complete. Perhaps this is another buying opportunity. Income to treble this year -- I can't understand what the market doesn't like about that, it clearly really really hates banks.


GS


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