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Huge gap up above yesterday's high so the gap might not be filled.
The Global ES made a new high overnight but it's not decisive enough so still can be seen as the 2nd test of the previous high, so key time here, no failure allowed for bulls, must be up more or at least consolidate here.
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Hi Cobra regarding "The Global ES made a new high overnight but it's not decisive enough so still can be seen as the 2nd test of the previous high, so key time here, no failure allowed for bulls, must be up more or at least consolidate here."
What price must be exceeded in order that resistance is considered broken?
My comments were dictated to me by homie the clown
jademann wrote:Hi Cobra regarding "The Global ES made a new high overnight but it's not decisive enough so still can be seen as the 2nd test of the previous high, so key time here, no failure allowed for bulls, must be up more or at least consolidate here."
What price must be exceeded in order that resistance is considered broken?
It is broken, now we just need see the price hold above the resistance. Drop below, say, 1458, is not good looking.
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Harapa wrote:VIXies Update:
VIXies are in favor of long equities since yesterday morning.
Hi Harapa I would really to understand your charts, I have been trying to for quite a while, can you help?
May be I can. If you are a subscriber, check my previous posts in "trading signals" to learn about the system. In a nutshell, I look for agreement between VIXies representing different segments of the market and the momentum of the instrument I wish to trade.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
BullBear52x wrote:I got 10min before I head out, last sell.
Bullbear what is your arrow pointing at? is that MACD? Sounds like you are short now?
yes, should sell since open I post the same chart yesterday before market close that this rip will be sold one last time. the arrow is pointing at MACD change in trend, and red arrow above meant wait until RSI hit high before making a move.
My comments are for entertainment/educational purpose only. NOT a trade advice.
jademann wrote:Harapa I am currently not a subcriber. I am so unclear, that I dont even know what you are plotting on each axis or what signal to look for. sorry
In these charts I share a concept, VIXies lead moves in equities. I don't share settings of any setup here as I keep changing them.
Last edited by Harapa on Thu Jan 10, 2013 10:51 am, edited 1 time in total.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
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