Swing setup: last sell failed, now it is bulls turn to make a move from here, dip will be bought. 1.PNG Intraday: inside day, no bias, anything goes, a trade above 61.8% is bullish. be nimble until new swing high is presented. 2.PNG Internals: bullish bias, 2nd day of improving, there is dip buyers ...
Day trade made simple, bulls don't want to see LL from here. bears don't want to see HH from here either, but since sellers were on the control, sell first ask question later.
Swing setup: new LL, down trend continue, rip will be sold. 1.PNG Intraday: new swing low, bearish bias, bulls need a lot of buying to turn this weakness around. 2.PNG Internals: another day with buyers lurking in, will see how we closed. dead cat bounce is due just no solid positive price action to...
swiing setup: in the box, bulls need to work harder to get out of the bottom. for now selling to continue. 1.PNG Intraday: inside day, any thing goes, I see bulls are trying, but still too weak. 2.PNG Internals: bullish bias, there is buyers roaming today. will see how we closed today. be nimble. Pe...
Dip buyers are cautious, so are the sellers. reversal price action search. so far so good on the oversold bounce overnight, can it sustain? very weak right now. weak source.
IWM (smallies) is suppose to provide all time high tail wind for SPX, this doesn't look good, tomorrow or by end of week I want to see IWM trades back above the bottom red line, if not, we are in trouble. Peace!
Very oversold, 89% of SPX issues are under 20 DMA and $NYMO reading of -100.81 as of closed of yesterday. I still don't see a good intraday buying in. things that makes you go Hmmmmm