Trades with cats wrote:My ES chart is showing a lower low every day for 4 days now. No idea if that means anything.
2 more waves down should do it. 2830-40 for a bounce...
booyah..now will look at possible longs scale in, but gotta tell ya, we just might challenge 2802 very important level in near term. 2836 2821 2802 enter long tight stop levels....
Counter trend Scalpers, when market goes up or down more than +/-1% (/ES mainly)
counter trend at 1, 1.5, and 2% mark always come out winner at the end of day.
Trend following still the key wining trade. Just another piece in a tool box for a day like today unless you short already.
My comments are for entertainment/educational purpose only. NOT a trade advice.
vol surge, so might be a rebound here first which likely would be sold.
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I have not updated the PBar chart for quite some time, too disgusted with the up and up and up. But today I was having a look at it since we are back into the area where I was marking the PBars. Interesting where the market consolidates around the congested Pbar areas. 3 min chart and 30 min chart
SPY Intraday 3, 5, 10 & 15 minute MACD flattened and may be turning up. Only one that is still downward is 30 minute. Interesting if it can sustain the move.