That's a pretty good wildest guess Cobra - I also do think we will head back down later this afternoon and follow what happened to the European markets.
made the first score. the current bar is critical, lower volume would be bad for bulls.
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funny, I cannot believe we're going to fill the gap today. anyway, could be a H&C here, tinted area as the text book target if indeed breakout.
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lunch time, will be back. kind of key time here, need see more bars but I'm hungry...
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Ninja Trader wrote:"you pay attention to Uempel? when the market is not for him, he goes away. it's similar to me, when I'm not sure about what the market is doing, I shut up. Just unlike him, I cannot run away, I have to say something here"
smart comment, it seems a lot of people on this board want you to tell them direction every 1-2 minutes
Anybody sees any phantom bars? I am seeing one on the SPY daily on my tradestation streamer - a long tail to 117.83. It could mean the target, or it could signal the bears the gap had been filled and so go ahead and sell.
heavenskrow wrote:The hourly chart that has helped me sell at the top of the bear flag...and been resistance today....
Can you give more details on your strategy in this chart ? Trying to learn.
Thanks
pady
You have to anticipate what chart patterns will happen and also to understand that there are a lot of parallelism in charts so look for clues, such as the bottom of the bear flag and paste it on top.
ES overnight magic voodoo line is 1136, above the target is 1157, below 1120. Appears to want to punch shorts in the nose, or maybe it's tired of my unmanly weeping
Ok, now we see if we get the 2PM whoosh back down.
If we continue higher and make new highs for the day from here, I will be cashing in my long TVIX positions, and waiting for tomorrow to see what position to take.
breakout indeed, almost reached the target. I see volume surge, so could be a pullback of some kind here. then we'll see.
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