Back to www.cobrasmarketview.com

05/04/2018 Market Recap

Post Reply
User avatar
Cobra
Site Admin
Posts: 58570
Joined: Sat Feb 12, 2011 10:29 pm

05/04/2018 Market Recap

Post by Cobra »

spy.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58570
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/04/2018 Market Recap

Post by Cobra »

The day trade today.

I spotted uptrend day here (viewtopic.php?f=2&t=2860&p=253689#p253689), the rest of the day was simple, unlike a downtrend day. I actually wandered around without looking at the screen much whole day.

This should be enough saying on an uptrend day, you shouldn't wait for a pullback which may come very very late (viewtopic.php?f=2&t=2860&p=253720#p253720) and when it's coming, is very hard to call. I'm experienced but my call here was still a little earlier.

Finally the pullback started (viewtopic.php?f=2&t=2860&p=253728#p253728).

And the surprise to me today was the pullback wasn't bought, the day closed a little weak. So it's no longer the past mad cow anymore...
5.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply