Normally I wouldn't bother with the following, but it is a slow day. I just heard Sue Herrera on CNBC attribute today's new high in the Dow Jones Transportation Indes to "the recent softening of oil prices". No kidding, she really said it.
StrikePrice wrote:2 hours to go and it's anyone's guess. So do we break this intraday downtrend and close green or does Cobra's 80% win and we close in red?
Can there be a poll function for this forum?
Trend follow, so far steps are down. I will guess lower close but lower than open? I dun no. We love to guess thing do we, beside stock now some of us try to guess Cobra's age. man o man.....
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My comments are for entertainment/educational purpose only. NOT a trade advice.
no idea what the market is doing but simply from the chart, this kind of consolidation is bullish.
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I think I am going to give up intraday trading the ES until volatility comes back. I doubt many people (besides computers) can successfully trade the ES in a 5.75 point range.
Since the rally began in 2009, we have not had a period where the SPY has closed above the top of the bollinger bands 3 days in a row. Today could break that. If we close above 135.75, I would guess the next 12 to 20 points will be down...
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Not trying to be offensive but do you EVER have any upside targets ?? the only upside targets ive seen are GLD and SLV for u . never on any indexes. Why is that / is this a long term view ? Thanks/.