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We might be about to slide into one of the great stock market implosions in living memory, like starting next weekish.

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  • #1

    We might be about to slide into one of the great stock market implosions in living memory, like starting next weekish.


    Click image for larger version Name: Screen Shot 2020-07-18 at 1.46.53 PM.png Views: 366 Size: 425.7 KB ID: 1715

    ok, huge ramp, lotta growth. volume tapering off tho. and if you zoom in on the last few days you get this:



    Click image for larger version Name: Screen Shot 2020-07-18 at 1.51.19 PM.png Views: 328 Size: 416.3 KB ID: 1716


    so we have not great volume and sellers stacking up into dragonfly dojis at the end of a huge ramp.

    the x factor of course is stimulus. but we are seeing dragonfly dojis with stimulus already in the mix. how much more stimulus can they throw at this thing? the next covid wave is surging as well, so they have to mitigate that as well.

    the next breakout candle is probably going to be a reliable indicator.
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  • #2
    I’m also seeing thin volume across many Smid equities; to be sure, the lack of activity can be attributed to season and traders just not being in the office. I personally wouldn’t read much into it.

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    • #3
      excellent points, hopefully its just me being dramatic.

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      • #4
        someone just described that weekly double doji as a bull flag, futures are green, so whatever the fuck these doomflags mean, they probably arent relevant this week.

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        • #5
          Originally posted by sonatine View Post
          excellent points, hopefully its just me being dramatic.
          Call it being overworked, TSB, or just being an Eeyore, But I believe the big one is coming.

          questions I cant answer are WHEN? soon? August? honestly making me crazy.

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          • #6
            we could see spy break 400 this winter but the dollar might lose half its buying power and it will be the same root cause.

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            • #7
              Originally posted by sonatine View Post
              someone just described that weekly double doji as a bull flag, futures are green, so whatever the fuck these doomflags mean, they probably arent relevant this week.
              killjoy
              May paint an open under 320/3200 which would be crazy pure.

              like Trump, I’ll be right eventually.




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              • #8
                Click image for larger version Name: Screen Shot 2020-07-19 at 10.14.02 PM.png Views: 323 Size: 176.5 KB ID: 1742


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                • #9
                  12 hours later:

                  Click image for larger version Name: Screen Shot 2020-07-20 at 10.31.13 AM.png Views: 280 Size: 346.4 KB ID: 1748

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                  • #10
                    those 'vaccine hopes' are really doing work huh

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                    • #11
                      It’s a religious test of faith.

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                      • #12
                        Things are basically normal now right? Makes sense we are trading at Jan 2020 levels.

                        We patched the dam up with duct tape. Won't it burst again?

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                        • #13
                          yellen and bernanke said today that they consider the march crash an anomaly of some sort that needs to be fixed. in so many words they literally said that the market is now designed to only go up, even if there are more sellers than buyers. im sure that will work out great for all of us.

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                          • #14
                            Originally posted by sonatine View Post
                            yellen and bernanke said today that they consider the march crash an anomaly of some sort that needs to be fixed. in so many words they literally said that the market is now designed to only go up, even if there are more sellers than buyers. im sure that will work out great for all of us.
                            It's fun watching you turn more and more into a cynic with each trade and with every hour of research. The future will bring you pain and suffering, and hopefully riches and bar girls.
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                            • #15
                              The dollar giving it up again. Silver poppin. All the commodities are traded in dollars so they all be movin but the inflation thing is surfacing and commodities don’t lie. Oil poppin and that is inflation not demand

                              that stimulus deal isn’t gonna hit this month. That’s my bet. We all read that there is gonna be a big gap before unemployed receive $ that will no doubt be less anyway. That hasn’t gotten traction yet. House monority leader statement. I DO think market sold on this word.

                              Dollar drop accelerating ..... just dawned on me it’s the Euro stimulus pkg. it’s euro sized Which is to say small but the world is waking up to the fact that the printing presses are running

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