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fehro wrote:take out red look out below... put your seat belts on... SPY daily
Looks like a first try SPY double bottom so far, see if bears reject heavily at 5m 8ema/20ema. The hourly candlestick close should be telling as well, in 3 minutesUnique wrote:ES Update:
Tested the 2094 daily 50sma overnight, first try stick saved. Now price at retest of resistance zone.
Stick save continuation up or just a bear re-entry zone and lower low we go? This morning is fairly important, we shall know very quickly.
Hopefully, it's not a small range day to trap more complacent traders, that would be very boring.
Bear: 2094- > 2080
Bull: 2112 - > 2115 -> 2117
Don't get trapped and be mad today boys
Unique wrote:Looks like a first try SPY double bottom so far, see if bears reject heavily at 5m 8ema/20ema. The hourly candlestick close should be telling as well, in 3 minutesUnique wrote:ES Update:
Tested the 2094 daily 50sma overnight, first try stick saved. Now price at retest of resistance zone.
Stick save continuation up or just a bear re-entry zone and lower low we go? This morning is fairly important, we shall know very quickly.
Hopefully, it's not a small range day to trap more complacent traders, that would be very boring.
Bear: 2094- > 2080
Bull: 2112 - > 2115 -> 2117
Don't get trapped and be mad today boys
Remember, it's in a tight price channel until it isn't. Breakout/breakdown didn't happen yet. Trap day?