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- 2025.09.24 dump fake? or more downside? chart has a good head on its shoulders
2025.09.24 dump fake? or more downside? chart has a good head on its shoulders
n qracky
September 24, 2025 • Estimated Reading Time: 3 minutes
🌟 Welcome!
I’m not a pattern trader so someone else’ll have to correct me. looiks head and shoulders ish…but i don’t know what to make of it too much. let’s see what we have today.
🔢 The Numbers
Above they’ll need to get above 25088.75 to be bullish on the day. beyond that, we have 25096.5, for starters. | Below staying below 25008.75 is keeping the door open to stay below 25000 for the day, . a breach of 24836 takes us to 24826.75, then a magnetic number waiting below at 24746.25 which might get tapped…24783.75 is certainly magnetic, along the way and more of a “sure thing”. anything below 24729.0 is playing with fire, at least on the week. |
📸 The Big Picture
Tape is still overall bullish this week, they’re just kinda wiggling upwards, with a turnaround for Tuesday to provide some cool-off. That said, this morning she’s having some trouble making it confidently upwards too far past I think what people would call the shoulder, or is it neckline, of what looks like a longer term reveral in the works. Can she build confidence in the upper direction? or is it sound and fury? We’ll have to see what the market does today.
I’m biased at least in the short term today towards the downside. Why? there’s at least a poor low below that needs some cleaning up, and a magnetic VPOC from a few days back that needs to be tapped. Again, this is only a temporary prognosis. She could float them way away from both of these today, or, go to repair them before rocketing higher. But they also could be the beginning of some longer correction, as overall we are extended from our daily 21 SMA…
Time will tell, as, on the daily, visually, at least, ;-) we’re doing pretty well so far trying to move our way up to recapture monday’s candle on the daily. They love to keep us guessing.
I will tell you one thing…if I was swing trading. this is not where i’d be taking any long term trades to the upside. There’s so many more great places to wait for, below.
đź“° News
No major news today. Tomorrow we have some GDP stuff. You may wanna see where they take it today to determine any kind of longer term positions based on where they land. if we can get the gap fill today, we’ll be closer to my 24345.25 area i’ve been looking for (although the longer they wait the longer I worry about it being as nice of a prospect).
Here’s to patience, learning, and profits!
