Why I am Bear52x instead of BullBear52x? look at the $Gap GDP, this market in real term will not and should not be this high. It's right to call it a Covid-19 bubble. employment number also shows the declining, if the shut down continue I don't see how we can have a better number, recession 2.0 is to follow. the universal income or welfare state shows the real growth is not there. the Fed can pump and it will only be good for traders not investors at the end. so....trade is the name of the game in this market, buy and hold will see the pain soon enough.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Double bottom here 50% chances. Break above EMA20 then it'd be 60% chances.
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a closed here or higher will be bullish next trading day. I wouldn't want to hold a bearish position overnight. Way Out of the money call and put combination will pay well next week. option trade is for the suckers. Hahaha. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
QED wrote:Well, it is no longer an inside day, but the real question is will it make an all-time high before the close?
The way I look at inside day is the first initial bar's range is the controller (main range) the few bars follow has to breakout nice and clean, a failed breakout will retest the range low in a hurry (auction house theory). Just my way of look at thing I am not saying it's right. Have a good weekend all. Peace out!!!
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