If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].
Must be someone said something. This is a classical bear market behavior: Based on someone said something the market goes sharply up or down.
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.
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.
2000 tick bars have slowed down to 1 and a half minutes but ATR is still way up there. I note that a linear regression channel goes right up to 6700 and stops.
Maybe the pullback will reach EMA20 this time, still likely it'd be bought though.
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.
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.
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.
Walt Deamer posted on X that at 10:30 Eastern we were at an 85% up day. Clearly going to be less than that by the close unless some new thrilling to the market news comes out.
My tick charts are at one and a half minute bars. nothing but wicks and tails for last half hour. So market is very much coiling. Price Action rule is that consolidation is usually a pause, not a change in direction, so I also vote for the bears at this point.
Overlayed my 15 minute equivalent with several days volume. My it does tell a story. Not really clear who is in control. Bulls have big uphill to get out of last weeks range.