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Seems like breakout, retested, now marching up again.Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. 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.
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Gap up above yesterday's high so the gap might not be filled.
Global ES breaks the Descending Triangle on the upside (instead of normally on the downside, although it does prove the Descending Triangle or Ascending Triangle, both like Symmetrical Triangle, are continuation pattern, not reversal pattern, lesson learnt). I read the price as testing the range high, therefore it's not a clear breakout yet, but bulls at least are attacking therefore now have better chances.
TradingJackal wrote:Too late in identifying this divergence (15 min ES). Was a good amount of pocket change. I would not run after it now. Maybe a diamond top pattern. I don't think the market loved what Draghi had to say.
now bears only hope is oil, still some room to up before major media complaining gas price too high though.EvilTrader wrote:TradingJackal wrote:Too late in identifying this divergence (15 min ES). Was a good amount of pocket change. I would not run after it now. Maybe a diamond top pattern. I don't think the market loved what Draghi had to say.
I do think market loved Draghi.
Unlimited ECB bond buying. Free lunch all around.
Volatility likely to persist, but i now imagine we can take all time SPY highs this year.
Expect the unexpected. All the rest is priced in.
BTW Cobra, VIX signal worked like a charm this time.
Now we knowEvilTrader wrote:TradingJackal wrote:Too late in identifying this divergence (15 min ES). Was a good amount of pocket change. I would not run after it now. Maybe a diamond top pattern. I don't think the market loved what Draghi had to say.
I do think market loved Draghi.
Unlimited ECB bond buying. Free lunch all around.
Volatility likely to persist, but i now imagine we can take all time SPY highs this year.
Expect the unexpected. All the rest is priced in.
BTW Cobra, VIX signal worked like a charm this time.