Aside from my general bearishness I took note of NVDA earnings being good and the stock getting hit this morning. Bearish action in my view. I usually sell short on weakness not strength.
Risking today's high.
(Please move to TR)
Thanks very much, joj for sharing with us!
Previous thread:
NASDAQ / DOW / S&P
17 responses |
Started by kris - Feb. 10, 2026, 5:55 p.m.
RIsk is ok and i am short @ 6972 l@@king for add on spike and tgt 6832 ish and mid march 6612/6565 area
Great stuff!
https://tradingeconomics.com/united-states/stock-market
1. 1 year: Rounding top formation with the market coiling this year/symmetrical triangle. The market has lost momentum with a decreasing upslope in 2025 and now, possibly rounding to the other side of the potential top with a downslope favored early in 2026.
2. 1 month: Unusually well defined symmetrical triangle/wedge(lower highs and higher lows). The apex of the triangle is getting close to violating, either the downtrend OR uptrend(coiling) which is inevitable. There will still be layers of resistance and support to overcome as seen from previous highs and lows on the graph. Trendlines only tell us about the past which CAN be helpful in understanding the future. A huge piece of breaking news that the market didn't know in the past can change the outlook. Or as joj stated, the markets REACTION to the news can be a strong indicator by itself. (market goes up on bearish news or down on bullish news, for instance)
