fehro wrote:SPX don't love it.. mixed signals.. but possible invs H&S if we pop up sharply..seems doubtful.. more likely triangle chop. till turn around Tuesdays…
fehro wrote:SPX don't love it.. mixed signals.. but possible invs H&S if we pop up sharply..seems doubtful.. more likely triangle chop. till turn around Tuesdays…
Thank you for all of the charts.
$VIX is certainly a crazy kind of guy, today!
Your welcome, hope they help.. so much for trying to read any candle structure on the VIX today.. y/e options this week.
really boss, more than 50% is strong counter trend next wave of that direction should be to follow to challenge the last extreme like come2papa as final support or resistance for trend change.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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"Retraces less than 50% = dead cat? More than 50% retrace = cat is alive?"
Don't know about cats, Al, you might want to check with Trades w Cats since he (allegedly) trades with them when not "dancing with wolves".
However, regarding retracement, the general rule is It Depends on whether there is a clear longer term trend discernable. One always expects more shallow retracements against said trend, and so targets are placed accordingly. 1/3, 38%, 40% are all considered robust retracements, when AGAINST longer trend...
Wut? Same IP?
Do you know what is even more hilarious?
GrandeG PMed me a few weeks ago to ask if I understand FlowerGirl
I wish I do !
Nowadays, I am just happy that she posts her trades.
tsf wrote:Wut? Same IP?
Do you know what is even more hilarious?
GrandeG PMed me a few weeks ago to ask if I understand FlowerGirl
I wish I do !
Nowadays, I am just happy that she posts her trades.
Daniel wrote:"Retraces less than 50% = dead cat? More than 50% retrace = cat is alive?"
Don't know about cats, Al, you might want to check with Trades w Cats since he (allegedly) trades with them when not "dancing with wolves".
However, regarding retracement, the general rule is It Depends on whether there is a clear longer term trend discernable. One always expects more shallow retracements against said trend, and so targets are placed accordingly. 1/3, 38%, 40% are all considered robust retracements, when AGAINST longer trend...
In September, we made our lows on Opex Monday and bounced in to the FOMC.... though it is unusual....
Overall, we are set up for a good opex buy, but there are still lots of possibilities here. As the week goes on, I will try to narrow them for everyone.