ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rimshot who wrote (19283)	2/25/2021 1:22:02 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (2) of 97332

3868.90 = $SPX 21-day SMA, as of Feb 25 1:20 pm Eastern ... bulls need intraday bounces to surpass and hold above the 21 day * losing 3870.90 horizontal is a big failure if it continues .. time will tell stockcharts.com Message #19283 from rimshot at 2/25/2021 12:39:11 PM major $SPX ledge at approx. 3851 to 3855.56 using the daily closes chart .. .a hold below for future daily closes will be at least a minor "bear event" 3805.65 = $SPX 50-day SMA Message #19275 from rimshot at 2/25/2021 12:23:44 PM SPY minor ledge resides at 384.78 to 384.50 which bears must violate to target 380's to 382's with a further decline today/Friday ... with 374 to 378 as much lower targets which are eventually possible 385.46 = lod so far Feb 25, matching the low levels seen near the Feb 24 open * $SPX 2-hour observation: multiple indicators & price horizontals reveal the serious selling is potentially just now getting started, though bears need to hold price action below $SPX 3870 to 3875.80 zone, or so ... the 2-hour indicators are briefly into relieving their recent bounce highs, so a decent distance to fully Over Sold is in play for a potential to consider -- status as of Feb 25 12:25 pm Eastern Message #19256 from rimshot at 2/25/2021 10:52:13 AM /ES 3880.50 = Feb 18 low, for some context any lasting hold below /ES 3896.50 is important to the bearish folks /ES 3869.75 a potential lower target for next potential pause location that is below current price action =================== Message #19241 from rimshot at 2/25/2021 10:19:16 AM SPY 387.50 to 388.14** horizontal zone needs to provide firm support if & when tested from above in future hours/days SPY 390.00 today needs to be defended by bears until the close, or probability improves for a choppy day instead of a straight line declining day SPY 391.88 HOD, at this moment - represented an overhead gap fill event vs. Feb 24 close ( 391.77 ) SPY 389.22 LOD, at this moment

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next