On Friday I'll be trading based on this outlook. I'm expecting some gravitation towards to lower part of the range, but don't exclude a bounce before the close.
Commento:
Yes, I'm seeing the bull flag and the line of control is to deal with the bull flag.
Commento:
Commento:
and this:
Commento:
and this:
Commento:
and this too:
Commento:
this also:
take a look at the previous patterns
Commento:
reminder: don't fall in love with the fall, gradually take profits at fib levels and/or pivots
Commento:
Commento:
Commento:
i'm not going long here guys, the 4 hr chart is asking me to wait for another bump to short
Commento:
i find it highly unusual that SPX is retarded today compared to SPY - it's sign of nervousness in the market imo
Commento:
Commento:
lol, everyone wants a sharp drop and it won't happen because everyone wants it, what else is new?
Commento:
Commento:
Commento:
22 ema (aka "magnet") on 1 hr is my favorite mean reversal tool, they can write their algos until their eyes pop out
Commento:
it's OK to take a small intra-day long here but the intent of the day was to sell not to buy - caution adviced
Commento:
i'm staying flat here guys, because the market is flat too
Commento:
Because of the SPY - SPX divergence today the options behaved in a weird way. Extremely rare occurrence imo.
Commento:
I'm starting to accumulate some shorts here for Monday - very small positions.
Commento:
here's the reason for now:
Commento:
if the upper line breaks I'll be hedging to neutral
Commento:
keeping in mind that anything can happen
Commento:
i'm bearish for the next week, but not carelessly bearish, lol
Commento:
