Huge gap up but within yesterday's range so no idea if the gap will be filled. I'll assume today is going to be a strong uptrend day?
Institutions are still in distribution.
2.png (28.25 KiB) Viewed 12589 times
3.png (27.9 KiB) Viewed 12589 times
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.
Target for bull wedge SPY 130 or so. I have a moving average that will predict where the market will turn when the market comes up to hit it. And even then, it might blast past it and confirm a new uptrend, so I would only scale into shorts at those levels and back off if they push high above it.
Assuming today is a big up day, what do you see going forward over the next 1-4 days. I believe that early in a downtrend they are big 1 day counter moves, but in a longer downtrend can be 2 or 3 day counter moves...then new lows. Thoughts, and thanks.
Assuming today is a big up day, what do you see going forward over the next 1-4 days. I believe that early in a downtrend they are big 1 day counter moves, but in a longer downtrend can be 2 or 3 day counter moves...then new lows. Thoughts, and thanks.
I'll assume the same. But since this market is crazily bullish, so anything is possible.
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.
The open. One thing I've noticed though, the green curve, FXA:FXY doesn't look good.
Attachments
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.
Here are what I'm not happy about bulls, NQ cannot break EMA20 and most of all AUDJPY is way too weak.
Attachments
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.
Are they jigging for new shorts before running up? to day I think SPX just try to get back in the BB and stay there, with that thesis my target 2 may not hit but will be higher in the day. That's my guess
My comments are for entertainment/educational purpose only. NOT a trade advice.
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.