brentos wrote:Thanks for the site and the knowledge Cobra - and Happy Bday I guess.
If the last 7 - 8 days on SPY have created a giant bear flag, wouldn't that make the measured move target 96.65?
target for bear flag on spy daily.png
yes, the text book target is terrible.
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.
We mars people don't use years to count ages. we never grow old.
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.
happy birthday, Cobra. Wish you 21 for ever. //bow
This is my first poster here. As a newbie, I learned a lot of zen of stock trading from you and other masters here. //bow again
Mr. BachNut wrote:Just a guess, but I think the next move in the $ index will cue the direction of equities.
Based on the triangle formation, I think we're about to drop here and took a spec play on some SDS options... CORRECTION: dropped while typing that! That was quick.
in at .24 out at .68, nice pop.
I don't want to hold over the weekend tho. First rebound, I'm selling again. Have a good weekend everyone.