Refer to J Murphy, Technical Analysis of the Financial Markets: Fig 4-10a; rejection, return to TL; rejection confirmed:
cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c with discussion of wedges as reversal pattern, and volume on pp 147-150.
All this is THEORY. Trade at your own Risk; GLTA!
NB: DJI is STRONG SELL on multiple indicators, see investing.com:
investing.com/indices/us-30-technical?period=3600
IMO we could get a wee lift if you look back week of 19-23 October, a weak lift before the deep dump... will Santa save DJI?!
cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c with discussion of wedges as reversal pattern, and volume on pp 147-150.
All this is THEORY. Trade at your own Risk; GLTA!
NB: DJI is STRONG SELL on multiple indicators, see investing.com:
investing.com/indices/us-30-technical?period=3600
IMO we could get a wee lift if you look back week of 19-23 October, a weak lift before the deep dump... will Santa save DJI?!
노트
Aye, wee lift from the bipartisan relief bill proposal, going to a vote later on. Short entry IMO노트
Sitting in cash waiting on clear signal; manic rally possible on stimulus, might be soon노트
Stim deal in the works, see how markets react before you throw money in this grinder!노트
Would not touch this yet. WAIT for the DEAL. Might be Friday; might be next week. Santa will come!액티브 트레이드
Fourth trip to the TL. Rejection now will be fatal IMO; entering shorts in SDOW and some bear spreads노트
Rejecting; heading lower in New Year IMO노트
Closed bear spreads on the dip; holding SDOW액티브 트레이드
Reloaded bear spreads on 12/23; in the Jan 302P, short Xmas 297P; just 4 contracts. Another improbable bear flag grinds higher all day after what appears to be an exhaustion gap; expect short-covering visit from Santa Thursday!액티브 트레이드
Played Fade Gap; waiting on Tuesday's price action, holding inverse ETFs, rolled short calls to pay for drawdown. So many gaps to fill...노트
Unless it closes lower EOD FTG did not work for SPX/DJI today (12/28); NQ did fade back down to near closing price, and RUT closed it. These prices are very effing high but can certainly climb higher! IMO the rally will end soon... correction, then another stupid rally LOL노트
Looks like it topped at 30500 on 12/29; look to the weekly candles for confirmation!액티브 트레이드
Shorting in box 30600-30800주문취소됨
It's a blowoff top expect a parabolic액티브 트레이드
In SDOW at $12 and DIA 310P, bear spread
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