Got my new indicator working. Counts Al Brooks style second entries, red for shorts, green for longs. You have to decide if they are tradable, it just shows them. As BullBear said, a good day for price action traders. But I still have to wash my trailer.
Back at the desktop. SPY 5. Quiet day on the chart. Lack of spikes, lack of chop. Some nice, clean moves, small bars. Was able to play some stocks in the first hour. Hunting now again, but things are usually much slower after the first hour.
Charts posted are not recommendations. They are just a sharing of information.
Possible double bottom, maybe the pullback was over.
Attachments
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LABD
SERIOUSLY ??
2.5 MILLION SHARES traded so far today, and it trades with gaps like this on the ONE MINUTE CHART
If that isn't a squeeze i don't know what is
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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.
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.