Silicon Investor (SI) -- The First Internet Community

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 : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (587)	4/29/2022 12:06:25 PM
From: rimshot	Read Replies (1) \| Respond to of 1309

Pretzel chart review with his interpretation comments as of Friday April 29 early a.m. - * courtesy of RCKS at IH " SPX captured (Lower)Target 3 (4170-85) " pretzelcharts.com "Yesterday, news broke that Deutsche Bank has apparently been reading over my shoulder, as they suddenly changed their prediction from a minor recession to a major recession, which they now say will be "worse than expected." To which I say, speak for yourselves, Deutsche Bank. In other news, SPX captured Target 3 (4170-85):" "As with all target zones, that zone is also something of an inflection. Everyone wants to know if the diagonal option is dead yet, and the thing is, while it's on life support, from a technical standpoint, it won't die until the low at 4114 is broken. No change to the intermediate picture, which remains more clear than the short-term:" "And finally, the old alternate, which has continued to gain traction:" "In conclusion, no real change from the past few updates, other than to note the successful capture of Target 3. Trade safe."