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

To: ajtj99 who wrote (62770)	6/15/2022 12:51:27 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 97539

Every where I read, everyone is expecting a post Fed rally so I'm starting to wonder. Also, we've been building a H&S formation all day so far. If we get another upswing, I'm probably going to increase my hedges and get more flat. I'm biased pretty long right now and I'm getting uncomfortable.

To: ajtj99 who wrote (62770)	6/15/2022 1:03:40 PM
From: Sun Tzu	2 Recommendations Recommended By Lee Lichterman III skier31 Read Replies (2) \| Respond to of 97539

I am going to share with you my short term daily, and longer term weekly risk readings. The charts don't matter, so I am only going to share their indicators: Daily - short term is highly oversold and ready to jump . Weekly is very bearish and if that stochastic crosses lower, welcome to SPX 3400. Both charts are in downtrend and below their lower BB. What you have going for being long is that at such oversold levels, a rally that forces short covering can be brutal and this might play out on the short term chart. But my sense is that too many people got burnt buying the dip and that memory from a few days ago is still fresh in their minds. So they are just hoping for a bounce to sell into, and that mindset limits any upside potential. We'll find out after I return from lunch ;)