US 30 Banging on Ceiling; Rejection from Upper TL Boundary
מעודכן
Look under the twin arrows at the Doji how they pierce TL then reject- four times now.
In downtrend along upper edge of triangle pennant; flagpole bottom half ~ equal to upper in these patterns.
Just an idea; trade at your own risk; GLTA!
In downtrend along upper edge of triangle pennant; flagpole bottom half ~ equal to upper in these patterns.
Just an idea; trade at your own risk; GLTA!
הערה
A real possibility exists for a strong bounce from Friday's selloff. Pivot came at TL defined by 8-10 Oct lows. Need confirmation on Monday's candle.הערה
On Friday internals were surprisingly firm with Advancers > Decliners. No capitulation in sight!הערה
IMO good chance of a bounce Monday to a .62 Fib retrace as it did on 8/9 October before test of lower TL; expect R at 26900.Typically selloff waves will proceed in impulsive manner; if Friday was (1) might see a bullish (2) Mon/Tues then (3) of .
I expect it may very likely rise to retest breakdown point, and then sell in earnest. After sell to bottom Tl, if it holds near 26480, will be terrific buy IMO.
Undertone is Bullish, my gut tells me we did not yet see ATH for 2019 yet... but I've been wrong twice before! Ty for post, GLTA!
הערה
Here's the bounce. I'm reluctant to short this, as enticing as it seems, for I see real strength in RUT and DJT today. Up 2% in IWM. Ain't you glad we covered those shorts Fri PM?!עסקה פעילה
Look how it hugs that line! I shorted and shorted again... and again! Damn the torpedoes, full speed ahead!Weds FOMC likely catalyst to break. Econo reports this week and jobs on Friday... let the distribution begin!
I'm in SPXS, TECS, puts on IWM, QQQ, SPY + DIA. Even bought calls on UVXY... those got weak Friday lol! Holding it, add on Monday if we see 3030!
הערה
Technicals gauge on TV has moved to Strong Buy; every time that happens it throws over!עסקה פעילה
Added to positions and rolled up short contracts. Madness; greed gauge is pegged!עסקה פעילה
Retested the mid-October highs leaving a lower double top. Fake breakout IMO. Added again; holding on to shorts. FOMC will decide direction at 2PM Weds.הערה
27100 has been tested resistance in six sessions now since 20 Sep.העסקה בוטלה באופן ידני
Looks like it could really break out; R/R is poor for shorts now; Action after the FED action is bullish. Might reverse but R/R is poor; stopped out and preserved a nice gain!
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