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/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..
A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..
TraderGirl wrote:/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..
A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
TraderGirl wrote:/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..
A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..
Your chart shows how, at the moment, ES (unlike the underlying index) is up 8 days in a row. The evil speculator reported earlier today that odds for a ninth up day are 0.8%.
TraderGirl wrote:/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..
A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..
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.
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.
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.
Al_Dente wrote:Lowest tick of the day
I think it was -1100
Not sure
it's bouncing now
Al, I have two Ticks at less than -1000. Two ticks separated in time on the same day signals a reversal of trend to me. I have seen the same earlier (but on the bullish side).