BullBear52x wrote:The internals are now turning bullish, my my my......... I am trapped I hope bears doesn't go back in hibernation today.
Bears dropped the ball again. Bulls just started buying CL when equity was at support. Buy CL --> turn XOM green --> Dow pops --> Bulls wipe out all selling in a 5 min candle. But can they hold it up there? Time will tell.
This is the 60 min, close up reveals a signal in about 3 or 4 hours. I checked the two timelines quite carefully, blue goes back to September 19th, red back to November 1st. As to the direction of the break - blue today could be either up or down, red Tuesday at the close most likely a reversal of what happens today in the afternoon. Last but not least: sometimes these signals are duds, nothing much happens. Wait for your own indicators to confirm direction of the move.
BullBear52x wrote:The internals are now turning bullish, my my my......... I am trapped I hope bears doesn't go back in hibernation today.
Bears dropped the ball again. Bulls just started buying CL when equity was at support. Buy CL --> turn XOM green --> Dow pops --> Bulls wipe out all selling in a 5 min candle. But can they hold it up there? Time will tell.
Still long.
I have been waiting to see post opex trading, and I am not liking what I see.
In particular, the weakness in the financials bothers me.
Mechanical model is in sell mode.
I have got stops on, but they are not quite in play yet. If they get run, it probably means rally time.
I would like to do nothing today, but I may end up hedged.
Mr. BachNut wrote:Still long.
I have been waiting to see post opex trading, and I am not liking what I see.
In particular, the weakness in the financials bothers me.
Mechanical model is in sell mode.
I have got stops on, but they are not quite in play yet. If they get run, it probably means rally time.
I would like to do nothing today, but I may end up hedged.
Bulls still got good defense line if 61.8% can not breached. bears need to work a little harder or Tim G will chew you up bears.
My comments are for entertainment/educational purpose only. NOT a trade advice.
broke the trend line, still not much to say. Until bears breaks below 12/14 lows decisively, it's still a consolidation pattern which is not good for bulls but still cannot prove bulls are dead.
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