Cobra wrote:wow. Still trend is your friend, that's all I can say, no matter how experienced you're. I didn't expect this, I admit. Now the problem is, in order for a reversal, we have to undergo the same lengthy procedure: breakout trendline, then back test the previous low, then rebound...
another test of EMA20, hope this time is different...
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maldini wrote:I think today's low was in, though it will be retested
Not sure about retest, because QQQQ and IWM were exactly at the previous low.
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greenback wrote:Well, rejected by the resistance again ...
The rebound is strong, so should be 2 leged at least, I think.
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you know its easy to forget that RUT is still up about 2.5% for the month...other indexes all fairly positive for the month still in spite of this three day move.
Not a good H2, but I still think this should at least be 2 legged up.
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