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05/08/2018 Market Recap

05/08/2018 Market Recap

Postby Cobra » Tue May 08, 2018 4:53 pm

spy.png

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Re: 05/08/2018 Market Recap

Postby Cobra » Tue May 08, 2018 5:00 pm

The day trade today.

Still sick, so no trade.

The call was too rush (viewtopic.php?f=2&t=2865&p=253846#p253846) because I really needed go to sleep.

I woke up seeing the chart like this (viewtopic.php?f=2&t=2865&p=253870#p253870), I knew it's a range day and it's about to pull back to test range low.

At this stage, bulls looked really strong (viewtopic.php?f=2&t=2865&p=253886#p253886), so I called double bottom.

Well, the double bottom failed, the market went to another round of down before going up. Overall it was a range day just it's hard to trade day like this.

1.png

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