I'm neutral. no idea if the pullback low was in or not.
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I'm looking for the boards help on a question.
I would like to read up on the work others have done in "day sequencing" (not exactly sure what it is called).
For example:
a higher high and higher low (today vs yesterday) I would call an up day,
a lower high and lower low = down day
lower high and higher low = inside day
higher high and lower low = outside day
I want to read up on work others may have done in this area. For example, let's say you are in an uptrend and then you get and outside day followed by an inside day this might signal a continuation pattern or perhaps a reversal pattern of a multiday trend.
Here is a pic of the recent ES days
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Educational only and not trading advice (EO&NTA) Good trading to all
well, guess that's it for today. Tuesday tomorrow has been the most bear friendly weekday since October, down 8 of last 11. However it's just a half trading day which usually favors bulls. thank you guys, I'll see you tomorrow.
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SPY consolidated from late October to early December. The current rally off the early December lows is strong and has already breached the upper BB, but I think it can keep running off that multimonth base.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23