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TLT shows strength because due to dividend in TLT at the begining of the month.TrendTrade wrote:All I kinds of resistence here. Just went fully short this morning as long as we stay below 1303 here.
-38.2% retacement
-bear flag resistence
-secondary resistence from a trendline from the peak of the market
- yesterday had huge "selling on strength numbers on SPY" which I have found to be very foretelling
- yesterday had huge buying on strength numbers on SDS (inverse SPY)
- EUR/USD in a beautiful rising wedge which should break down now
-also C = 1.62 of A if we end at 1303
-TLT showing strength
Attached a chart... ultimately, must hold here NOW or more upside is ahead.
Thanks,DRL wrote:This is a GREAT post. Complete with chart and reasons for a trade. Thank you
Whether it makes a profitable trade is yet to be seen, but the rationale is clear.
TrendTrade wrote:All I kinds of resistence here. Just went fully short this morning as long as we stay below 1303 here.
-38.2% retacement
-bear flag resistence
-secondary resistence from a trendline from the peak of the market
- yesterday had huge "selling on strength numbers on SPY" which I have found to be very foretelling
- yesterday had huge buying on strength numbers on SDS (inverse SPY)
- EUR/USD in a beautiful rising wedge which should break down now
-also C = 1.62 of A if we end at 1303
-TLT showing strength
Attached a chart... ultimately, must hold here NOW or more upside is ahead.
cool. i took off half my contracts at 95.... target still 95.36... there is a TON of resistance above 95 so the ride there may be bumpy...cougar wrote:Agnosia: I agree! I am long oil too for a quick swing. Also, long some selected “oil diggers”.agnosia wrote:long crude from 94 .. expecting 95.36
For example, WLL gave a buy signal for a longer swing!
Someone rudely psychoanalyzed Cletus last week.cougar wrote:Cletus: where R U?
Cobra wrote:channel resistance, but i think bear's hope becomes less and less.
we have different time frame, especially if it goes to red arrow on your chart, that's enough space for me to ride the wave up.uempel wrote:Cobra, I don't agree that it soon might be over for the bears - I believe one of these three entry points should work...