Bad idea, lesson learned - just exit the position. Out YM 15773.00, -52, -$260 Out NQ 3473.50, +45.25, +$905
just watching these things,may or may not work out, dow just completed its tag of neckline for another hns to go with the spx and djt
trans may or may not ,may have already retagged that neck...you have the 3 majors in distribution mode, barring the ppt or the banks who are dismantling many of their profiteering tools used for the last 5 years in fear of the volcker act restrictions, we should/could have a normal pullback
uvol dvol looking like a normal day,normal being a down day with dvol leading by small margin 1.8/1 , multiple crossovers suggest going nowhere and flatline suggest trend days, neither present,rollover day... there is 1 more pattern , a crossover that turns to one being a flatline, thats a key reversal.. a trick trend day ...just 4 patterns...just my 2 cents
Reviewing my ill-advised YM long -- lesson learned, trust the big picture basics, build from there (higher timeframes first). Don't fade breakdowns of clean consolidation: If we get a rally today, looking for Russell futs to hit 1110+ for a short entry. edit: not likely to occur, it would seem.