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Very nice demonstration of 3-pushupsCobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
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Gap down within yesterday's range so the gap might be filled.
Global ES indeed is 3 Push Up. The overnight rebound failed to make a new high so the pullback completed the 2nd leg down. Now whether there's a 3rd leg down, we'll have to watch if bears can break the thick blue line below.
Ha, my breakdown target is 1472 but I'm not in the bearish camp, I'm in the Wait-and-See camp. Is SPX going to break above 1503? - that would be bullishHarapa wrote: Momentum Block
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)
If SP500 futures breakdown next support is ~1479
I like the new tighter ranges. Note LVS and EMN both report this week (LVS after close tomorrow and EMN Thursday).Cobra wrote:please be noticed, I've revised the weekly stock picks last night. A narrow range consolidation is now a must, this can give you a closer stop loss, therefore allowing a better gain lose ratio. Please check the revised picks here: viewtopic.php?f=10&t=808&p=115600#p115600
Approx. where is that target 149.35ishCobra wrote:open below neckline, so possible double top and tinted area the text book target.
not a valid breakdown yet, but no harm to know the target.dr659 wrote:Approx. where is that target 149.35ishCobra wrote:open below neckline, so possible double top and tinted area the text book target.
i was just going to page youClarkW wrote:Nice gap up in GDX today, we shall see if she holds.