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

To: Sun Tzu who wrote (63717)6/25/2022 2:26:52 PM
From: ajtj99  Read Replies (3) | Respond to of 98882
 
Draw a vertical line through June 1st on your chart, and work out right and left. The pattern suggests an XBI high near $79, followed by a drop to almost $72. That's when it's decision time.

If the mirror keeps working, an unlikely bullish move happens. However, I think the mirror will break on the proposed pullback to near $72 like it did earlier in the year at a higher level.

In what bad way are the red and green lines crossing?



To: Sun Tzu who wrote (63717)6/26/2022 1:23:28 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 98882
 
XBI: what ma are the red, green, yellow lines? As I posted on Friday, I sold my entire position then, and will re-enter when we retest previous lows.



To: Sun Tzu who wrote (63717)6/26/2022 2:32:10 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Respond to of 98882
 
Looking at the daily candlestick printed on the XBI Friday, I'm thinking the only way it's getting to $79 early to mid week is via a gap up open that sells off.


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