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SigmaEcho wrote:i would guess 4 of 3, next 5. with the bigger 4 and 5 to comeCobra wrote:yeah, quick breakdown to run stop loss. let's see any rebound here, should be close.
Cobra, why would you see increasing volume as an indication that it "cannot breakdown the low or just quickly breakdown to run stop loss then rebound"?Cobra wrote:here comes the retest of the low. volume increasing, so either cannot breakdown the low or just quickly breakdown to run stop loss then rebound, should be close to a rebound anyway. let's see.
it seems a bo to me. moreover, es just back tested 1135 and was rejected. if es cannot quickly recover and stay at 1140 level, the next stop will be 1110 - 1115 ishsoku wrote:i have been waiting for a bo for ages. i don't think 1147.5 on es is real. we may have to wait for another while. if b-o to the upside, my target is still 1455.soku wrote:it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.soku wrote:more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.
so boring. i am keeping on requesting people to share. it seems ...
target will be reached today or next few days?Cobra wrote:tinted area as Symmetrical Triangle text book target.
interestingly, 5 min zz did show a turn. what can i say, maybe somebody is trying hard to defend the market.soku wrote:soku wrote:more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.
it seems a bo to me. moreover, es just back tested 1135 and was rejected. if es cannot quickly recover and stay at 1140 level, the next stop will be 1110 - 1115 ish
Me XMan wrote:It better hold 1136 or 1120 or lower coming.
su_root wrote:It sure doesn't. However, got one bottom signal on SPY 60min. 1 is better than none I guess..Me XMan wrote:Not looking good here guys...SPX 1136
Co-ASK?biotrader wrote:Cobra- impulse system sells today?
How and what is that "better volume" indicator in ToS?ddd wrote:Trendline from 8/8 and 38% fib breached.
Hey Cobra... a low next week under 1100 ?Cobra wrote:Symmetrical Triangle, I bet EW analyst would say this is wave 4, before the final leg down.
i'm having the same exact thoughts...holding 30 deep in the money SPY puts...sell and be happy with the profits, or follow the breakdown in the charts which indicates further downside.Nomorework wrote:Real question is, do I hold these deep in the money shorts overnight... How greedy can I really be. 5% down day was a homerun. Chart tells me we're still headed down so I will faithfully follow. Grand slam?
Right there with you. Hedging into the close, though, with some options.Nomorework wrote:Real question is, do I hold these deep in the money shorts overnight... How greedy can I really be. 5% down day was a homerun. Chart tells me we're still headed down so I will faithfully follow. Grand slam?