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I am not on a train I am sitting in a train station, sniffing flowers. My hands are pressed firmly under my ass. Neither bull nor bear.BullBear52x wrote:Captain Obvious. ... I am on the south bound train atm.
XLF - financials - 26.50 level key - breakdown breaks bull hopes imho.Daniel wrote:I am not on a train I am sitting in a train station, sniffing flowers. My hands are pressed firmly under my ass. Neither bull nor bear.BullBear52x wrote:Captain Obvious. ... I am on the south bound train atm.
The charts are all pointing lower or sideways ahead. But this is a historically bullish next couple of weeks, in terms of Presidential Cycle as well as annually-recurring periods of strength. It’s historically been a bad time to hold bearish positions, in terms of profit curves.
Perhaps one could trade off a tag of a bollinger-band, upper or lower... or just stay in cash sniffing flowers... ..
XLF 26.50 level on an hourly chart has been significant as the center of a broad band of support (+/- 1%) back to early October. And in daytrade timeframe it’s yesterday’s low.brokebybernacke2 wrote:XLF - financials - 26.50 level key - breakdown breaks bull hopes imho.
I go with this.Daniel wrote: I am not on a train I am sitting in a train station, sniffing flowers. My hands are pressed firmly under my ass. Neither bull nor bear.
The charts are all pointing lower or sideways ahead.
Buy the dip signal, today is very hard to trade but will see the day is too young to get confuse.BullBear52x wrote:/ES has a hard time pushing above 750 all night, weak signs.
sell the rip.
It's never too early in the day for me to get confused.BullBear52x wrote:....the day is too young to get confused.
Fib 61.8% will help the bulls algosDaniel wrote:It's never too early in the day for me to get confused.BullBear52x wrote:....the day is too young to get confused.
I think mean-reversion based Algos are getting set off periodically, by predetermined numbers. In humans, such quick swings would be accompanied by elation, or despair and panic. But to algos it's just a 62% retracement or whatever.