jsd501 9:35 am on Tuesday, April 24, 2018

TQQQ

I see the neck line around 130 which is also near the 200day MA. If it does not bounce there this market are in trouble.

1strangealien 10:36 am on Tuesday, April 24, 2018

I can see that too, just hope we don’t go there! Although the market has not been behaving like it wants to go up lately.
hcgdavis 5:47 pm on Tuesday, April 24, 2018

VIX did not spike much for the drop. Personally I think we have range bound market until something big pushes it up or down.
- Jeff 5:54 am on Wednesday, April 25, 2018
  
  Seems that decent earnings results are making it difficult for the bears to tank the market. $BA just released blowout results, otherwise we’d be opening lower than we are.
- jsd501 6:08 am on Wednesday, April 25, 2018
  
  I think you just need to give it more time. On the SPX, the RSI is below 50% and the Stochastics are trending down. We are below the 30 week MA and it looks like we a sitting on the 40 week MA. The volume on the recent down days is also high. We could get a bounce but I don’t think it will go far.