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Maybe it's a rising wedge so a pullback is due. Testing the wedge lower boundary now, let's see whether there's still a push up to test the wedge upper boundary.
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ES 5 minutes. Ready to go long on some scalps? Ha ha. It is getting closer. But the bears have been very active and successful so far today. Bulls making a little push.
Charts posted are not recommendations. They are just a sharing of information.
Be careful. There is danger out there. ES is moving up, but the Ticks have mostly been below zero. The bears are still out there. Scalping weather. As the police roll sergeant would say: "Let's be careful out there."
Charts posted are not recommendations. They are just a sharing of information.
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.
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.
cletus, I think you don't understand what "this bull has legs" means.
"The pullback should be bought which is what this bull shall have legs means."
quote from COBRA Re: 05/28/2021 Live Update
Postby Cobra » Fri May 28, 2021 1:00 pm
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
ES 5 minutes. The battle is on. No runaway for the bears, after early success. No runaway for the bulls. Heavy lifting needed to reach 4300. And yet the market can fall of its own weight. Lively day so far.
Charts posted are not recommendations. They are just a sharing of information.
merryme wrote:cletus, I think you don't understand what "this bull has legs" means.
"The pullback should be bought which is what this bull shall have legs means."
quote from COBRA Re: 05/28/2021 Live Update
Postby Cobra » Fri May 28, 2021 1:00 pm
cletus should start his own website. He is always sniping at Cobra, trying to show superior insight and knowledge. Cobra is very tolerant and patient.
The problem for cletus is that no one would go to to his website.
Charts posted are not recommendations. They are just a sharing of information.