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06/11/2021 Market Recap

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Cobra
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06/11/2021 Market Recap

Post by Cobra »

The breakout held well so far (didn't you notice that it tested the blue line intraday which is the breakout point, then reversed up? It's a good sign saying that people do recognize the breakout point), the problem is it's still not far above the breakout point so still cannot say the breakout is for real yet so the battle continues into the next week. One thing for sure good for bulls: As long as bulls can consolidate above the breakout point (the past two days can be seen as a consolidation above the breakout point), then the breakout would get more solid each day so once again time is not with bears.
spy.png

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User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/11/2021 Market Recap

Post by Cobra »

4.png
Nothing interesting, I was right again about not to trust any initial breakout.
viewtopic.php?f=2&t=4640&p=295241#p295241 (I even predicted the breakdown would be a false one)
viewtopic.php?f=2&t=4640&p=295245#p295245

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The trading log above is meant for myself only which main purpose is to help improving my market sense.
  • My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
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