Well, most of the time I do not expect much on Friday. But I was expecting a bit more action than this for this particular Friday. Have a good weekend y'all
60 proves it`s Pivot Worthiness right out of the gate & held for reaffirmation for Bullys... That said, I firmly believe that we see /kiss that lower Trend/Support line off this 350 Handle Wedge that we are building starting from Feb Lows for a proper build out. Hourly is worth looking at as it`s a potential 60 Handle, Cup & Handle, formation building out as we`re working on the handle now. Summary: which TL do we get first... either one is an extremely low risk entry with an exceptionally Hi RR. Back from Vaca on Monday... so hope we get a shot in the arm with some juiced up Vol. - Play it tight to the Vest & your head on a swivel, -Steve
Disagree completely. All day long I've been watching a seller build into a huge short position on the tape. I thought he was going to take the market down today but he's still selling into the highs. This market is going to hit the bricks before any trendline kiss.
Mbondy, Interesting..... So what you`re saying is that is`t going to make it`s move South Bound before we can build out into an Apex? How do you know that this seller is " Selling to Open " a Short position... vs off loading existing longs or building into a Spread? Im interested in hearing what you have to say, man.. good stuff