It's possible we open higher in the morning...maybe get a reversal candle tomorrow...
Yeah, I see that kind of pattern too. But let's be careful, here a momentum chart which CS sent out yesterday. It does not suggest that the markets will continue higher next week, but it does suggest that the bulls are in control.
stlwater wrote:One of Cobra's breakout candidates.. FSL. Some TA for your enjoyment.
fsl.png
FSL looks good to me. A perfect base.
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Someone posted UNL today.. BTW if you're trading UNL (I am)... You might want to consider selling today. Placing a buy stop above the high in case this has legs.. otherwise it's usually a sell at the EMA envelopes (22) and a re-buy at the 10MA wash, rinse, repeat. Good luck.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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.
Anyone playing with sharks lately? I must admit, it is my weakness to go bottom fishing and that's what lives down there... Check out MEA. This is a long-term account I'm using for this trade but boy do I have a gut feeling about this one.. LOL
stlwater wrote:Anyone playing with sharks lately? I must admit, it is my weakness to go bottom fishing and that's what lives down there... Check out MEA. This is a long-term account I'm using for this trade but boy do I have a gut feeling about this one.. LOL
MEA.png
I've been bottom fishing for 3 years straight, a 90% probability for my bottom fish signal is when hourly rsi is below 25, and has divergence. Easy
DOW : technically speaking perfect path...too bad it's not always that easy
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)