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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (17368)	2/5/2021 11:20:57 AM
From: ajtj99	1 Recommendation Recommended By JSD Read Replies (2) \| Respond to of 96839

My whole deal today is to see if the SPY closes right at the gamma wall at 385.

To: rimshot who wrote (17368)	2/5/2021 11:49:42 AM
From: The Ox	2 Recommendations Recommended By ajtj99 Lou Weed Read Replies (1) \| Respond to of 96839

I've seen several SPX targets in the mid 3900s, as people try to predict the top in the current move and the best spot to look for a short term reversal. Currently, I'm in the 3940-3960 camp, looking for a pause after it hits around here...but I recommend everyone wait for a reversal to show itself. A week or 2 of moderate to negative sentiment won't hurt anything but by then, the bears will be screaming the sky is falling... We'll see... (Just think, if this turns out exactly as predicted, everyone gets a pony!!!)

To: rimshot who wrote (17368)	2/5/2021 12:02:32 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 96839

# of new 52-week price highs for $SPX needs to significantly improve in order to actually produce future upward price action with Staying Power daily # of new 52-week intraday price highs for the S&P 500 index - stockcharts.com end of day review daily chart showing the S&P 500 index cumulative net Advancers minus Decliners line with the 50,2 Bollinger Band - * bulls optimally want to see the A-D line hug a rising upper Bollinger Band for multiple weeks stockcharts.com Message #17368 from rimshot at 2/5/2021 10:36:43 AM $SPX entered today up 4.2% in four days. At today's 3891.69 high so far, it was up 4.8% for the week. * S&P 500 index has closed up 4 days in a row as of Thursday. Hasn't made 5 in a row since August 2020 (made it to 7 in a row then) via Ryan Detrick, CMT SPY 15-minute - stockcharts.com $SPX 2-hour chart - stockcharts.com Message #17343 from rimshot at 2/5/2021 9:36:09 AM $SPX - Feb. 5th daily support = 3861/3852 & potential resistance = 3883/3891 * highest odds = 3889 to be seen at least briefly today, Friday Feb. 5th