I have QQQ in the red at the moment but showing a big phantom bar up.
SPY probably wouldn't be so hot either without the financials being up big this morning.
my personal observation has been that when the S&P is leading the market, it rarely has continuation. whereas if the nasdaq is leading and pulling the market up, there's usually follow through. anyone else see that?
The biggest threat to your account is not the market. It is a wife with an eye for real estate. I won't be here for a while as I am depleting accounts to buy some rental property. Guys (and gals), do yourselves a favor and buy some real estate. Prices are low and rents are high. It is very rare that you can buy and realize a 10% return in your first year. It is crazy.
Cobra wrote:I saw exhaustion bar here, so may be a pullback of some kind here. the pullback shall fail, the up push is not over yet.
Hi Cobra,
push up not over yet, meaning higher high or is also lower high possible?
either higher high or lower high, we'll have to wait and see.
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I have QQQ in the red at the moment but showing a big phantom bar up.
SPY probably wouldn't be so hot either without the financials being up big this morning.
That phantom bar looks like it is exactly 1 point. So, it may just be a fat finger error from someone typing 53.4 instead of 52.4 on a buy or clicking buy instead of sell on a 53.4 order.
Out of Bounds wrote:Well, my trading days are over for a while.
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The biggest threat to your account is not the market. It is a wife with an eye for real estate. I won't be here for a while as I am depleting accounts to buy some rental property. Guys (and gals), do yourselves a favor and buy some real estate. Prices are low and rents are high. It is very rare that you can buy and realize a 10% return in your first year. It is crazy.
Good luck to all.
what area is this in???? I have some deployable capital that I have no interest in being in the mkt
I have QQQ in the red at the moment but showing a big phantom bar up.
SPY probably wouldn't be so hot either without the financials being up big this morning.
That phantom bar looks like it is exactly 1 point. So, it may just be a fat finger error from someone typing 53.4 instead of 52.4 on a buy or clicking buy instead of sell on a 53.4 order.
thanks for that explanation. i was also wondering if that was a phantom as well.
pullback is a little bit larger than I thought, good news for bears, I still believe the morning high will be revisited (either higher high or lower high), bears key time, need a lower high or small higher high for a possible reversal, otherwise the trend is pretty much still up.
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Out of Bounds wrote:Well, my trading days are over for a while.
Capture.JPG
The biggest threat to your account is not the market. It is a wife with an eye for real estate. I won't be here for a while as I am depleting accounts to buy some rental property. Guys (and gals), do yourselves a favor and buy some real estate. Prices are low and rents are high. It is very rare that you can buy and realize a 10% return in your first year. It is crazy.
Good luck to all.
the 10% return in first year is so unbelievable, I am with you on that, dealing with some myself. BUT>>>>to me nothing beats trading
My comments are for entertainment/educational purpose only. NOT a trade advice.
Cobra wrote:pullback is a little bit larger than I thought, good news for bears, I still believe the morning high will be revisited (either higher high or lower high), bears key time, need a lower high or small higher high for a possible reversal, otherwise the trend is pretty much still up.
Cobra I look at the same line in the sand at 116.47 Bulls need to defense this line.
My comments are for entertainment/educational purpose only. NOT a trade advice.
H2 on EMA gap, let's see if any rebound here. I have no idea as the pullback was a little bit too strong.
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I have QQQ in the red at the moment but showing a big phantom bar up.
SPY probably wouldn't be so hot either without the financials being up big this morning.
That phantom bar looks like it is exactly 1 point. So, it may just be a fat finger error from someone typing 53.4 instead of 52.4 on a buy or clicking buy instead of sell on a 53.4 order.
I see that Phantom just as a price rejection off of mid BB.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Yesterday's zigzag 100/60 did not work (I covered the position at midnight, as the minis tanked down to 1148), now let's see if this zigzag works - I'm short again
Speaking of phantoms...we had a phantom bar down, yesterday near the close, which points to @ 115.30 SPY. ChiOsc high on the hourly, fib resistance hit. More down.