From Twitter an hour ago. I post what Coolbizone is thinking as he is a professional with a long track record who does a reasonable job of seeing into the future with Elliot waves. The warning is he will change his mind and move his position and then tweet about it.
"SPX expecting a pullback towards 2640-2632 area in coming days. 2681.32 was a ST peak of may exceed by a few point? disl:hold shorts from near 2680, STOP at 2688."
So a run up to 2690's would trigger some shorts, only question is how many others?
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4 hours later a new high for the day and it doesn't exactly look like a bold statement of higher prices. That is to say it hasn't triggered a positive momentum signal out of Fat Tails Zerolag indicator.
coolbiz - closed his short for -1.70 says price action is firming,
"Price action is firm covered shorts at 2681.70, -1.70 is good for now. Will re-assess instead of holding."
Yes, as I posted, Coolbiz changes his mind. But then if I was routinely trading 20 contracts as a swing trader I would too. Just wait if this market gets wobbly he will try again on his short (or his long), seems to be the way he trades.
I have been following him for many years and I am always amazed at his ability to coax a wave count out of a chart.
Trades with cats wrote:Yes, as I posted, Coolbiz changes his mind. But then if I was routinely trading 20 contracts as a swing trader I would too. Just wait if this market gets wobbly he will try again on his short (or his long), seems to be the way he trades.
I have been following him for many years and I am always amazed at his ability to coax a wave count out of a chart.
Thxs TWC for posting the lead to him. Interesting (also at times hard) to follow his tweets. crazy when he posts his trades statement for a short bit.
ES fill is 7 points below the open, but today's range has been open to plus 12 so it is going to take (I think) a significant group changing their mind in the last 30 minutes or so. No idea who that would be unless it is swing traders who held on over the weekend.
Should have said I have added a color changing Keltner of 2.25 ATRs centered on the 20 bar EMA to see if it helps me make better decisions or not. It certainly influences a quick glance to have that caterpillar working it's way across the chart.
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