Sell the rip point, bulls profit taking. (Money management side of thing) bears will sell here. let see what the reaction here, I am looking at 905ish.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
not sure if this was the higher low therefore the low was in, but at least bulls have some chances now which is better than no chances.
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Here is daily TRIN, stolen from bb52x, and then INVERTED so that above 1=bull, and below 1=bear.
Note that on 9/17 TRIN went bear and hasn’t flipped back to bull YET
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: that TRIN chart
If you expand the timeframe of that chart going back to all of 2018, this may be the longest CONTIGUOUS stretch (11 days) of bear TRINs that I can see, but please count for yourselves because my eyeballs are weak.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Now we are all eyes on TRIN. not bullish. the thing about TRIN we need to wait until the very last minute of the day to get the solid reading.
well, tomorrow is another day. as long as we trade outside BB I will counter trend to get back in the band. it's just day trading thing not bullish by any mean. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
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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.