DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 This is definitely a bottoming pattern. I'd be more surprised now by a breakdown than an upside move to the next resistance level. Link to comment Share on other sites More sharing options...
DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 Surprise me. Link to comment Share on other sites More sharing options...
DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 If they lose this right here. It's over. Fat lady time. Link to comment Share on other sites More sharing options...
SiP Posted March 11, 2020 Report Share Posted March 11, 2020 2720-2740 is a key support line if this is quick, but still, correction. Link to comment Share on other sites More sharing options...
DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 The yield on the 10 year just doubled in 2 days. Link to comment Share on other sites More sharing options...
Jimi Posted March 11, 2020 Report Share Posted March 11, 2020 6 minutes ago, DrStool said: The yield on the 10 year just doubled in 2 days. Is that a lot? Link to comment Share on other sites More sharing options...
SiP Posted March 11, 2020 Report Share Posted March 11, 2020 Bulls need to defend this. Link to comment Share on other sites More sharing options...
Jorma Posted March 11, 2020 Report Share Posted March 11, 2020 Sorry I can't help myself Link to comment Share on other sites More sharing options...
SiP Posted March 11, 2020 Report Share Posted March 11, 2020 May I recommend a quick dive to 2640 and test of 200 SMA? or 2670, 200 EMA on weekly SPX? That would be nice. Link to comment Share on other sites More sharing options...
Jorma Posted March 11, 2020 Report Share Posted March 11, 2020 17 minutes ago, DrStool said: The yield on the 10 year just doubled in 2 days. Somebody or several somebodies are liquidating? Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 11, 2020 Report Share Posted March 11, 2020 How about 2734 if they get there today? Hit it on Monday and Tuesday. Do triple bottoms ever hold? Link to comment Share on other sites More sharing options...
DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 9 minutes ago, Jorma said: Somebody or several somebodies are liquidating? I said in the last Liquidity Trader update that if it was correct that mortgage convexity hedging was the proximate cause of the yield crash, that it would be unwound just as quickly or more quickly once the market turned even a little. Link to comment Share on other sites More sharing options...
potatohead Posted March 11, 2020 Report Share Posted March 11, 2020 5 minutes ago, PullMyFinger said: How about 2734 if they get there today? Hit it on Monday and Tuesday. Do triple bottoms ever hold? LeeWhee used to say.....the more times they test a level the weaker it gets. Link to comment Share on other sites More sharing options...
DrStool Posted March 11, 2020 Author Report Share Posted March 11, 2020 We were unable to return you to freestockcharts.com. Internet Explorer has stopped trying to restore this website. It appears that the website continues to have a problem. Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 11, 2020 Report Share Posted March 11, 2020 10 minutes ago, SiP said: May I recommend a quick dive to 2640 and test of 200 SMA? or 2670, 200 EMA on weekly SPX? That would be nice. Could maybe see that happening. But touches of the weekly 200 EMA (blue line) are pretty rare, closes below even more so. Three touches since 2016, with most recent in late December 2018. And we know what happened after that. I think last close below weekly 200 EMA was some time in 2011? Link to comment Share on other sites More sharing options...
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