Infamous Double Top on All 3 Stock Indices

Discussion in 'Technical Analysis' started by NY_HOOD, May 13, 2019.

  1. ElCubano

    ElCubano

    7920 gets closed on the daq.
     
    #11     May 13, 2019
  2. NY_HOOD

    NY_HOOD

    Both the nasdaq and s&p both blew through the 50 dma. The dow went through both the 50 and 200 dma. This is not a good sign. This market is going much lower.
     
    #12     May 13, 2019
    murray t turtle likes this.
  3. %%
    True, but the surprise is the DOW/DIA went up that far LOL:D:D Looks like lower, for SPY,QQQ. I figure SPY+ QQQ finish up strong this year; but all 3 of them could easy retest the 52 week lows. NOT a prediction+ not much of a DOW watcher.
     
    #13     May 14, 2019
    birdman likes this.
  4. ElCubano

    ElCubano

     
    #14     May 14, 2019
  5. ElCubano

    ElCubano

    Now what?
     
    #15     May 16, 2019
  6. Wait
     
    #16     May 16, 2019
    murray t turtle and ElCubano like this.
  7. %%
    Let profits ride.
    I like what a DOW derivative traded noted + he made some big bucks,[ public trades] day ttrading DOW derivative. '' DOW is correlated too itself''LOL So true...…..,. ,,
     
    #17     May 19, 2019
    nooby_mcnoob likes this.
  8. %% 50 dma looking more bearish....................................................
     
    #18     May 20, 2019
  9. Great thing about such presumed "important levels"... is that it's logical to play "long above, short below". Complicating things this time is the nearby 200 DMA..... same principles, same reason.
     
    #19     May 20, 2019
    murray t turtle likes this.
  10. %%
    That + SPY is a buy, if one like to buy late, in the year+ down from 17.777% gain/oops. Actually pre-election years tend to be/finish super strong; not so much the summer ......LOL If one likes to buy above 50 dma,+ some still are =SDOW .....LOL. NOT a prediction,+ not much of a DOW watcher.:D:D, :D:D:D:D:D:D
     
    #20     May 20, 2019