BullTart wrote:Looks like the compression of the SMAs are resolving to the down side... down side crossover between green and red lines imminent on the 5 minute
Right on. Volatility Squeeze. Watch out for the head fake and be ready to ride the real move...hopefully it comes during market hours...
could be double top breakdown. There're 2 potential targets. I'm not sure, still doesn't look the market wants to drop hard.
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so then tom could be insanely green for the market and red for my positions ? hmmm...maybe i should get out and chilll for the weekend!
Although my Oct puts on GOOG , NFLX , CMG are working out nicely so far......not too much of a gain but not a loss which I like! Just dont want to have my face ripped off tomorrow right before the long weekend with honey...!
key support here, as I mentioned last night, bulls don't want to see this support broken too much, a little bit fall inside is OK. Let's see.
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