fuzzballl 12:55 pm on Sunday, February 4, 2018
Tags: FuzzyBear ( 22 )

@fibwizard…you out there ?

What’s the crystal ball showing for the open? We get a bounce and then sell or she gonna tank from the start?

smasty 12:58 pm on Sunday, February 4, 2018

I have /ES fuzzy bears queued up for a big bounce…..
- fuzzballl 1:00 pm on Sunday, February 4, 2018
  
  I like that too…was hoping for the bounce at the open tomorrow too to unhedge my SPX #FuzzyBear.
- hcgdavis 3:21 pm on Sunday, February 4, 2018
  
  SMI and AS BB indicator just both triggered a buy signal. I am not buying but may be forming a base. Will see, either way nice to have some volatility back and a 2 sided market.
  
  Everyone enjoy the game, hope it is a good one. Brother in law from Philly so guess I will root for them.
mortlightman 1:10 pm on Sunday, February 4, 2018

So you think we will bounce then turn down for another leg??
- fuzzballl 1:16 pm on Sunday, February 4, 2018
  
  If I had to go out on a limb my guess would be….a bounce at some point this week with a rally to resistance and the sell back down to the original bounce point. Then it will be the day of reckoning if that holds or not. Typical dead cat bounce and then test of support. Similar to Aug 2015 and Jan 2016. Just a wild guess…
fibwizard 1:21 pm on Sunday, February 4, 2018

After a week of selling I would think it may bounce for a lil bit..The spx stopped dead at the 34ma friday, with the 2750 and Fibs below it…

we are at a 4% drop currently…if this is the number the pro’s want, we may bounce off the 2750/Fibs…if they want more blood, then as Jeff mentioned , Carter Worth, Myself and a few others I know are calling for a 6.5% drop, to the Fib at 2675 area…so if the current levels break, we will probably go to 2675, another 75 points..and my long 2900 may puts will be looking very nice…also if breaks back above the 3ma on my chart, then back below…there will be a strong possibility of a big move down…I’d rather see the 2750/61% Fib bounce and a power move on above the prior high to the 2900 area..The 61% retrace is the sweet spot if its going to honor that line..( Golden Mean )…
- fuzzballl 1:23 pm on Sunday, February 4, 2018
  
  Thanks!
- fuzzballl 1:47 pm on Sunday, February 4, 2018
  
  BTW…if you’re watching the Phoenix Open…Chez Reavie’s dad is an American Airlines pilot so gotta be rooting for the kid!
  - fibwizard 1:48 pm on Sunday, February 4, 2018
    
    He is also a grad from ASU…so he would love to win it, since he has a past there…Phil went to ASU also…
    - fuzzballl 1:51 pm on Sunday, February 4, 2018
      
      I think he lives right there too. Family is from Mesa I think…not 100 percent sure.
      - smasty 2:16 pm on Sunday, February 4, 2018
        
        Watching, wishing for a move to phx warmth!

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