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Double top or not, wait and see, 40% chances I think.
Small gap up so likely it's just a range day.
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Intraday, I am open to both buying and selling opportunity today, but rips will be sold. Gap up is good but if it fails it will fail in a grand style, NFP number is not good.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.
2021-12-03_06-06-03.png
$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.
My comments are for entertainment/educational purpose only. NOT a trade advice.
JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.
2021-12-03_06-06-03.png
$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.
I hear you. I agree with "trade what's in front of you." Long or short.
Not much action with the stocks I like (from my lists). I will no doubt look for some scalps on ES, but call it an early day.
Last edited by JFR on Fri Dec 03, 2021 10:22 am, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.