Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
market can't seem to get going. check out the charts. Weekly stochastics are DOA. The only good looking chart feature is the divergence on the daily chart. Maybe the daily stochastics has to come down and get the weekly stochastics for a bull leg kick off.
SPY did meet the goal of L1 and the 50MA. Does it hold the 25 MA and consolidate? This is profit taking until we can confirm a trend change. Have to look for another "W" or pivot break of recent high. Or a break of the "W" low. 25MA.
Friday the 13th is when JP Morgan and Wells Fargo report. Some say their earnings will be lousy, but may estimate a bright next quarter. And the market is waiting to hear the estimate.
But here are the charts:
The Banksters:
Needs to hold the 200MA and L2 at 14 ........ critical.
The market trend is still up. Today's candle was white until "they" push higher on close. Hey, better volume. I guess Jackson Hole holds the key to a break of L1 or L1.