so far goes as planned, but i'm not confident in this rebound simply because the pink and green, seems lagging. if this is the last push up, it doesn't have to be higher high, could fail at any time, so hold your breath...
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doesn't look good, i see some trapped DT longs, if they're forced to run... bulls must hold here.
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if rebound from here, we might see strong close today as the rebound shall be 2 legged at least... so bulls must hold here.
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Man....what a fight, is this bullish? or Bull trap, I meant bulls round up. looks like they want to fill 129ish. very strong bulls action so far today.
My comments are for entertainment/educational purpose only. NOT a trade advice.
shumushu wrote:Cobra, if we close at the HOD around the 1275 S&P mark, are you still bearish?
yes, the logic is simple, 3 days vs 1 day, bears are much stronger assume we aren't up 20 SPX points in the last 77 minutes.
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Bulls taking out 2 resistances since open and now challenging the third one, well, I would give the bulls a high mark today just for that, I am still sticking to my sell the rally few more resistance yet to clear the gate.
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key time, as a bull, you don't want to see a L2 here, let's wait and see.
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too bad, a L2. and here's how i read the chart. bulls still have hopes as long as the green line below holds. let's wait and see.
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