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07/14/2022 Market Recap
07/14/2022 Market Recap
Bears tried twice, both failed, so now should be the bulls' turn. I mean tomorrow bulls will try, whether they'll be successful, we'll have to wait and see. It's like a soccer game, now bulls get the ball but doesn't mean they can score.
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Re: 07/14/2022 Market Recap
DISCLAIMER:
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.
- Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
- Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.
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.
Re: 07/14/2022 Market Recap
SPY 5 minutes. Price action.
The bulls take the day.
The bulls take the day.
Charts posted are not recommendations. They are just a sharing of information.
Re: 07/14/2022 Market Recap
ES daily.
On the daily, it is a hammer, but it is not that impressive. At the lower side of the very wide range.
On the daily, it is a hammer, but it is not that impressive. At the lower side of the very wide range.
Charts posted are not recommendations. They are just a sharing of information.
Re: 07/14/2022 Market Recap
JFR: "SPY 5 minutes. Price action. The bulls take the day."
Indeed. But a word of caution:
"The historical stats this week are strongly bullish on Wednesday (81%) and Thursday (71%) this week. The next bearish leaning day is opex on Friday at 38% green closes." -Stock Trader’s Almanac 2022, Jeffrey A Hirsch
bye the way, very politely handled, earlier
Indeed. But a word of caution:
"The historical stats this week are strongly bullish on Wednesday (81%) and Thursday (71%) this week. The next bearish leaning day is opex on Friday at 38% green closes." -Stock Trader’s Almanac 2022, Jeffrey A Hirsch
bye the way, very politely handled, earlier
Re: 07/14/2022 Market Recap
Thanks, Daniel.Daniel wrote:JFR: "SPY 5 minutes. Price action. The bulls take the day."
Indeed. But a word of caution:
"The historical stats this week are strongly bullish on Wednesday (81%) and Thursday (71%) this week. The next bearish leaning day is opex on Friday at 38% green closes." -Stock Trader’s Almanac 2022, Jeffrey A Hirsch
bye the way, very politely handled, earlier
Charts posted are not recommendations. They are just a sharing of information.