This is just what my model is telling me , It does well majority of time but when its wrong its something to take note of . Media/people get too excited when you should really just turn of CNBC ( insert any sockpuppet network ) and look at PRICE . React to your model , turn of emotions , be a machine . Adjust as data changes . Be dynamic
How can you be a machine when you are drinking coffee from the size of that cup in your profile pic? That's a LOT of caffeine!
I am looking to go short on weakness in the zone between 2890-2860. It is a 68-76% retractment from the top to bottom. Another move like today will tell.
Price found support at 2783 and resistance at 2824, waiting for more price action to decide how to play it. Any ideas are welcome.
It looks like the market is changing to the downside again. Looking for a short trade setup now. Let´s wait for more price action to develop.