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07/30/2021 Market Recap

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Cobra
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07/30/2021 Market Recap

Post by Cobra »

The chart still looks like a pullback from rising wedge upper boundary to the lower boundary. The next Monday is the very first trading day of a month which, I guess, because of huge amount of 401K money pours in so generally the very first trading day of a month is very bull friendly so I don't know how the bullish Monday fits in the picture, as again, the chart does look a further pullback is a little bit more likely. Maybe huge up Monday then we'll need see Tuesday whether bears are over or not.
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Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/30/2021 Market Recap

Post by Cobra »

1.png
The low was in call was wrong.
viewtopic.php?f=2&t=4717&p=296414#p296414

The breakdown then sharp reversal up was classic.
viewtopic.php?f=2&t=4717&p=296418#p296418

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The trading log above is meant for myself only which main purpose is to help improving my market sense.
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