Gap up but within yesterday's range so the gap might be filled.
The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.
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Cobra wrote:Gap up but within yesterday's range so the gap might be filled.
The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.
Another fun day on tap. I am going to buy the morning dip
Cobra wrote:Gap up but within yesterday's range so the gap might be filled.
The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.
Another fun day on tap. I am going to buy the morning dip
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Incredible report last night Cobra. Closed shorts before close...not sure I am ready to buy the dip just yet although today is guaranteed green . Can't believe the bullish stats on a bearish engulfing candle.
SB73 wrote:Incredible report last night Cobra. Closed shorts before close...not sure I am ready to buy the dip just yet although today is guaranteed green . Can't believe the bullish stats on a bearish engulfing candle.
One other observation is that it appeared that most of the gaps were never filled. I am guessing today will be no different although I would love to see it.
Cobra wrote:Gap up but within yesterday's range so the gap might be filled.
The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.
Another fun day on tap. I am going to buy the morning dip
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.
Cobra wrote:Gap up but within yesterday's range so the gap might be filled.
The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.
Another fun day on tap. I am going to buy the morning dip
This morning the dip is inverted... GLTA jimme
I think he meant the morning dippy doo in AAPL --- yes AAPL went red for all of 10 minutes. Biggest market cap in the world and it trades like a penny stock!