Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
cleared it on the NQ...little ones often lead em up and lead em down.
I should say techs as many are not so little anymore
Would like to get some more upside action here and give us a better shot to solidify 49.50 as floor. --Would like 49.50 to be in the rearview mirror--only not so close.
Thanks for insight.
Now, it would be helpful to take out yesterday's high. We're 2 points away on cash. ( Is there enough time to do it today?)
Typical activity here. Get past a level briefly and then back off. It's good when it regroups.
It takes patience to trade right-----and a stop.
Ok. We'll have to wait a bit for yesterdays's high to be taken out. Let's see if it can happen in the overnight or tomorrow. Hopefully tomorrow and not overnight.
The old saying never meant much to me,''bull markets climb a wall of worry'' Its simply too vague; but i see their point.50 day moving averagea[ema] is helpful ;SPY has closed above 50 ema ,3rd day.QQQ has been above it most for the year; but QQQ is more of a roller coaster.NOT likely TGT has made the bottom; even if it has briefly , its still a good bear market for TGT.....NOT a prediction.
Really didn't want yesterday's high broken in after-hours. Hopefully we'll get a pull back before RTH .
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