Out of Bounds wrote: Thinking that 163.14 fib level is a bounce area - now i think it must be the low of yesterday. Do think we will see bounce though - I am early
I’m also thinking bounce is near
Maybe at double bottom, or maybe a bit lower at trendline support
Just a thought……….not sure yet….
A bounce near here will scare the bejezus outta the bears and they may cover like crazy……
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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volume surge, so might see pullback here first which likely would be bought.
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Trader Girl,
Thank you for the information yesterday. I do have the markets positive today, that seems like a very steep climb in a very short time frame, so might not happen.
Also thank you for your additional comments on $VIX late yesterday after the close. Sometimes, a few sentences to clarrify a chart really help the novices, like me.
pullback as expected, usually this pullback would be bought somewhere. wait.
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MACD histogram is now back bearish crossed. this morning sell the rip was a success based on my short term swing setup, and now if the bottom of 162.66 fails, I will say screaming sell. this is from it is what it is department. have a good day.
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My comments are for entertainment/educational purpose only. NOT a trade advice.