I might have got a little too hung up on the numbers, but the strucure here is what I was trying to point out. In the end, it still looks right.
30 minute SPX chart.
We’ll spend some time at 1650. A close above that value is very bullish. The Russell closed right at that same line in the sand, which is 990.
Last, but not least, don’t bet against an oversold McClellan.
Epic day guys. Way to stick it out.
OA
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damn.. that looks bullish.
Absolute magic. That sentiment chart is for real…!
Woj,
If you are still out there…you still want a workup on the miners?
I got frustrated and bailed yesterday. Slipped my mind.
OA
Yes, please on RGLD. Thanks OA!
Done.
jeff..that sentiment chart is simple,,but magical over the years..been using it over and over
OA, on a daily or almost weekly time frame, does it look like we just hit “buy the dip” or still a little early?
Buy the dip, yes. Good observation.
With most earnings out of the way, a 5% correction in, with an oversold $NYMO, the bull case would say we could run into quarters end.
any quick option day trades for the open, expiring today that hit your screens? AAPL, LNKD, PCLN and AMZN might work.
PCLN 820s .80 #lottofriday
Did LNKD 175’s – rockin’
out lnkd in all the others!
You are getting the hang of this pretty well.
Thanks for all you do!