Pink line on Cobra's 5min isn't falling, 52-wk new high stocks suddenly pull back big and VIX seems to form positive divergence. Is up-trend losing momentum?
I've been a MOMENTUM trader over a decade & I only trade setups ranging from scalping, day or swing trading for living. My posts on here are ONLY FOR FUN & therefore not recommending anything to anyone. GLTA.
Exhaustion gaps If an unusually wide gap occurs, it may mark the end of the trend (immediately or within a few days). Violent reversals can follow an exhaustion gap, so consider taking a position in the new direction.
BullBear52x wrote:Cobra, Bullish engulfing yesterday, so close in red today?
No edge.
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.
recently es and spx have totally different characteristic as es experienced a lot of events in after hour. i believe for longer term charting, es provides more complete info.
The goal is not uniformity. It is understanding and idea exchange.
chineseclouds wrote:Cobra,
Does that look like a bear flag to you? DT only.
Be careful this could be a 2 legged up to test the morning high. If the test failed, this would become a little ugly (intraday).
Attachments
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.
Pretty much my evil plan still going on. Breakout above the red line then invalid the n vs n will be.
Attachments
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.