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03/25/2020 Market Recap

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Cobra
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03/25/2020 Market Recap

Post by Cobra »

Finally bulls are able to make 2 consecutive days which is the very first good sign toward a solid bottom. There're still long ways to go. The bar today has both upper and lower shadows so doesn't tell much the direction next. Generally the rebound should fail somewhere eventually but I'm not prepared for it to fail right here yet.So hopefully...
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Cobra
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Re: 03/25/2020 Market Recap

Post by Cobra »

SUMMARY:

Applied the lesson learnt recently: If the trend day is confirmed very late, treat it as a range day. The sharp down before the close was unexpected but since I didn't treat it as an uptrend day, I was fine.

NOTE:

N/A - explained how I'd judge downtrend day or range day here (viewtopic.php?f=2&t=3935&p=280411#p280411).

Right for the low was in which was all that mattered - called range low here (viewtopic.php?f=2&t=3935&p=280418#p280418).

Right - called more up here (viewtopic.php?f=2&t=3935&p=280422#p280422).

Right - called the pullback would be bought here (viewtopic.php?f=2&t=3935&p=280434#p280434). I should have mentioned as in the past that when EMA is touched the trend usually is near the end, today was classic.

No conclusion drawn from the close.
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JFR
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Re: 03/25/2020 Market Recap

Post by JFR »

ES 5. Getting squeezed.
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