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ES dropped to last night's low. On the composite volume profile from Dec 12 to current last night's low happens to be the POC and yes, this mornings high was the top of the value range.
Mr. BachNut wrote:Nothing really new to add to last post except that NYMO has climbed to the thin air.
Not sure I have seen it shoot this high in a nearly straight shot ever.
Still 3 scenarios: Peak, bull stampede, consolidate before reversal or continuation.
I have good arguments for each scenario, so as usual, I haven't a clue what will happen.
NYMO 010919.jpg
'bull stampede' meaning ?
No retest of December low.
March up to recapture 200 day MA and perhaps even upper keltner band.
Analogs would be like March '09 or October '14.
Mr. BachNut wrote:Nothing really new to add to last post except that NYMO has climbed to the thin air.
Not sure I have seen it shoot this high in a nearly straight shot ever.
Still 3 scenarios: Peak, bull stampede, consolidate before reversal or continuation.
I have good arguments for each scenario, so as usual, I haven't a clue what will happen.
NYMO 010919.jpg
'bull stampede' meaning ?
No retest of December low.
March up to recapture 200 day MA and perhaps even upper keltner band.
Analogs would be like March '09 or October '14.
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.
One more here since I'll be gone this weekend, DAILY is entering sell the rip zone, as always, wait for RSI return under 70 to trigger the sell signal. GLTA, peace!
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