So far SPX has not shown much enthusiasm to move lower, but I'm still waiting for a slighly lower bottom, somewhere around 1290. Will it be tomorrow, or am I completely out of sync
there're 2 possibilities here, I think the breakout on the upside has better chances.
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still prefer the upside breakout. but how far the breakout would go, that'd be a question. we'll see if indeed breaks out.
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indeed a breakout on the upside. the measured move target has now been fulfilled. now the question is the H&S bottom target. so far the market goes the most I'm afraid. nowadays simply lower odds win, all bulls need are just imagination. I'm so disappointed.
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i think bears fate is sealed with this phantom bar. too bad, just trade what you fear the most...
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head and shoulders bottom target has been met, I'm afraid, there's more on the upside.
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OR high as resistance, if this bar has no volume, then finally we may see some pullbacks here. Let's wait.
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We would have divergence if not for that phamtom. well, nice play by bulls, but that doesn't stop me from going short right now. RSI is my guide on this one lot, good luck all I am out I will collect my due tomorrow.
My comments are for entertainment/educational purpose only. NOT a trade advice.
OK, i think chances are good that bulls may take a breath here before ANOTHER ASSAULT.
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if no bear counterstrike here, well, I don't know what to say other than soooooooooooooooooooooo disappointed in bears.
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