Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Es is going down not up
Hardly down at all, it's been nothing but bulls for years.
LOL I am talking about today. I care a little about a week ago. I care much less a month ago. And years ago. Doesn't have to enter my imagination. Means nothing to me. But i could be wrong. It may go UP today. Megaphone pattern. Can go both ways. Finally will break out above or below. Odds favor below. But it can be scalped both ways up bottom towards top. ...down top towards bottom...until BO occurs.
Could correct, could wobble around for the rest of the day or it could break back out of consolidation...who knows...just take your signals.
Weakness all night..bear channel. Plus below red 89 period SMA means general trend is down and good for shorting opportunities....bulls and bears fighting in megaphone pattern. Bears have slight advantage. break out of purple trendline. test below 21 period MA then test of extreme with Gap ...then sell signal. Gaps following. Finally lower high within megaphone pattern. Of course, it could head back to top of Megaphone and break out and the whole truckload head north. If so, then what I write means nothing and is hogwash. The market rules. I only say the ODDS favor what I write. Bye
Pullback likely complete here. Staying long
Well ...ok....good luck. Bye
Why do you keep saying bye and then return to posting? Odd behavior.
I'm odd. Bye
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