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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 (43699)	11/18/2021 11:13:28 AM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 97525

Weakness in the value/cyclical stocks t.co briefing.com most current free 30-minute Market Update excerpt - " Cyclical stocks are underperforming amid lingering growth concerns attributed to COVID-19 and inflation. The latter is threatening to eat into profit margins, as confirmed by Walmart (WMT 140.99, -0.95, -0.7%) and Target (TGT 252.43, -1.37, -0.5%) earlier this week. NY Fed President Williams recently said that long run inflation expectations are increasing. "

To: rimshot who wrote (43699)	11/18/2021 11:18:43 AM
From: rimshot	2 Recommendations Recommended By ajtj99 rcksinc Respond to of 97525

today, has at least 40% odds and as much as 95% odds that today's dip by SPY, $SPX & RSP will represent the lowest prices seen until at least mid-December 2021 the failure to actually reach $SPX 4,660 horizontal support level tells us much, so far RSP 20-day SMA provided firm support on the test #1 from above ... dip buyers rule in the S&P 500, until proven otherwise short-sellers do not remain aggressive enough to take control ========================= 466.55 = today's S2 intraday pivot value, source is StockCharts PP values placed on a 1-min chart ... the less than 1-minute dip below 466.55 level was bought 466.34 = Nov. 18th intraday low, as of 11:21 a.m. Eastern =========================