Close-up of the chart I posted 20 min ago, shows how SPX is trying to get back into the orange channel. Crucial that it climbs back, 88/89 is the border.
Would you post your CL chart again, sil vous plait.
Thanks in advance.
I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.
big support @ 88,65 and first target still 90,48. I am in a wait and see mode
uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
The attachment SPX20.png is no longer available
this is a gap down set up, this is not a normal dip. I would wait for Bull flag break out to be safe just my 2c.
Of course it's not safe. It might be safe above 1193 when SPX is back above the ellipse. Going long here is just a 50/50 bet. What I'm playing: expectations for President's speech are zero, and if he delivers more than zero the market is up. Mere speculation, but this is all about specualtion, right
hmm, my TA world makes a little bit sense again, the 3rd time is different. even just a little though. I'm not bearish yet on a little bit bigger picture, perhaps what OB said tonight would change my mind, but for now, I have no evidences yet. Thank you guys, I'll see you tomorrow.
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Would you post your CL chart again, sil vous plait.
Thanks in advance.
I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.
big support @ 88,65 and first target still 90,48. I am in a wait and see mode
Merci beaucoup. Was looking for higher high, but no.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I think a gap down would be bought. Bulls want to test 1208. They're not going to end buying at today's 1204. Profit selling to buy into the next push is all I'm thinking right now.