Was wrong about the bounce on Friday... Well not completely wrong, but I didn't capitalize on the uptrend early in the day. Capped off a poor trading week for me as I was trying to will the market higher. New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from...
Hey traders, I got shaken out of my long briefly yesterday, only to re-enter (at a worse price). The position is in the green and will continue to add to it because I want to get paid if the hypothesis is correct. Volume is good overnight and a ledge at the top, indicating we are not done going higher yet. Look forward to seeing you guys in class at 930.
Hey Traders, Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices. The market has rolled over from there. Looking for a flush out of the weak buyers before getting long again!
Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value. 2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.
Some great clarity from only looking at one chart. Some key areas above at 50 and below at 20. Stay out of the noise.
Status quo for this market, continue to move higher and then balance. This is telling us that we are unlikely finished moving higher just yet. I would'nt expect to see a reversal on this low volume from the overnight session.