Until it doesn't.....
Lots of moves last night and this morning, a very complex correction. I got stopped out of my longs and have been waiting for a resolution. Still looking like a bearflag overall. Below the red channel line would give this idea more confidence. Target to the upside could still be 2550-60 area, we'll just have to see. Good luck to all
Lots of moves last night and this morning, a very complex correction. I got stopped out of my longs and have been waiting for a resolution. Still looking like a bearflag overall. Below the red channel line would give this idea more confidence. Target to the upside could still be 2550-60 area, we'll just have to see. Good luck to all
코멘트:
Purple Channel from yesterday still shaping the price. If we get to the top of the channel, that would get us near/over 2550.
코멘트:
Looks like we're going up. 2560 (price area) needs to hold for the bear case to play out. Upper channel from last update is my target area.
코멘트:
OIl hit resistance, usually influential to the market movement.
코멘트:
Channel still holding back price. .5 fib at 2929 was hit which was originally my first target for my longs. Futures chart is delayed, but you get the idea
코멘트:
SPY trendline "appears" to be breaking down - worth watching
코멘트:
Waiting for a retrace to enter short, for example -
코멘트:
If we don't bounce much, I think a break below the horizontal line would be an option to enter short. As long as stops are relatively close it may work fine.
코멘트:
Took a short, stop for me is 250.40. Not a big deal if it gets stopped out. I have to buy food for the next 8 months - later guys
코멘트:
stops put into some profit, so it's a free trade. Going to shop finally - good luck!
코멘트:
Back from the store, took some profit because we hit the futures trendline. I expect it to break, but we may bounce a little first
코멘트:
Completely spitballing here, but this futures trendline might indicate a bounce to around 2485 (sp500 futures chart).
코멘트:
Possible bear flag on spy, also broke a trendline and seemed to retest it twice with no success so far.
코멘트:
We are again fighting at the Red channel line. Expecting a bounce here, but it may just fail. I'll take profit if they hold it and reenter short if we get under it
코멘트:
still battling at that trendline, no decision yet.
코멘트:
trendline seems to be breaking down. 2464 on futures should not be passed at this point.
코멘트:
코멘트:
they saved the line so far, so I stopped out with good profit for the day. It may bounce here or it may fail. I'd rather just watch at this point. still short in gold. Good luck everyone
코멘트:
Here are some targets for the bounce. Couldn't help myself and took a small long position
코멘트:
Reached the fist target, and immediately sold it, could be a bull trap.
코멘트:
quite a battle towards the close, waiting to see if they close above my red trendline on futures.
코멘트:
Looks like they will close above it - bullish. However this could also just be an ABC correction, so I'm flat
코멘트:
This could be the count, not saying it is, but it makes sense as of now
This could be the count, not saying it is, but it makes sense as of now
코멘트:
have a great weekend everyone!
