Energy leading today's market and financial lagging, unless financial catching up this rally although broad based but doesn't seem to be healthy.
Agree, also T-bond is at support level. But in no hurry to short this market, if we belive 500 we have lots of rooms. Not a good place to go long...
We've been in that mode since last week US consumer confidence plunges to all-time low.
Me too. I think bulls have a lot more to overcome. Happy New Year, Bulls and Bears! "May all your cards be live, and your pots be monsters."
Thank you, but in general only above 70% is considered over bought, and a 6% reversal from there would indicate a top is in.
A fixed number of bars? It depends on where you start your day, VWAP = Sum (C * V, Bars_so_far_today ) / Sum(V, Bars_so_far_today)
Longs may set target to 905 for today. To keep the short term uptrend going, retracement in coming days should not take out 850.
Intraday measured move gives us exactly 895, my guess is that we see that today or tomorrow, and we will see whether it breaks above 920 level...
It moves. What if $TRIN keeps going higher?
Two days in a row the $TRIN is around 1.5, volume lean toward the sell side?
But the underlying just not supporting lower price at the moment....
Longs may set target to 880.
In case you are serious, I think here is one... [img]
[img]
Consider that as second target, but need to see how it breaks here. [img]
Nice trade, especially like your honest about the 25 no fill, something not seen often in an internet forum. Very accurate call, thanks.
Only way to have extended gains is to forget about support in a downtrend and resistance in an uptrend. IMHO
http://www.sgx.com/psv/derivatives/futures_options/equity_index/SGX_MSCI_Taiwan_Index.shtml
Good points, Prof s. Strong hands be humble and learn, week hands be bold and brag. There are old traders, and there are bold traders, but...
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