Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
SHORT SHORT SHORT???
The ability of this market to maintain the runup from before Fed and add to it is testament to how strong this market is. We had the stiff resistance at 2380 as we thought we would have and then on second attempt went through. If we sell off in the last 20 minutes, I'll issue a correction to my comments.
Continuing with the same trade here. Current pricing is 2381.50
No reason to sell here this morning
Long Long Long!! 2382.75 Initial stop looks to be 2379.00 (day trade call)
This call will only be successful if good fortune arises. Call did not meet 3 chart criteria.
Call was from 5 minute chart and as such it matched the 4 hr and daily, but the the relevant charts for the 5 minute are the 15 and 60
Look at these charts and you'll see why call failed.
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