Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Price currently 2263.50. Will be watching closely here. Stop remains the same for now.
Perhaps for a quick scalp of 1 or two points. Odds favor a slide down.
Although, with the sell stop so near, I don't really need to watch too closely.
Take small losses. Take bigger gains. Same rules everyday.
Do the markets stay the same on each and every day?
Bulls are trying hard to push it up. Will they succeed? It is doubtful. But then again they may. Uncertainty. Markets gravitate towards uncertainty.
Now the market is tipping its hand. Bulls are winning.
If the 8:40 bar closes weak then the bo may be a failed BO. IF if it closes strong then bo will probally continue. There needs to be some follow thru.
I suppose you didn't grab your profits? Expecting a continuation? There is still buying but the pb is nearing collapsing.
Overall trend is up, can continue going up for an indefinite period, IMO just keep getting long.
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