Yes, and a ton of false momentum indications.. 4/15-16 is a good example of positioning (short) where I have to just shrug and take the loss. But the commentary is more about neither the bulls/bears having an advantage in this range. I still see a strong buy on the horizon, though my conviction has wavered. I’m still considering a mini-plunge, but the January price action (specifically the parabolic) hasn’t really resolved to my satisfaction. Those things are nasty
Hammer Time!......... Low risk Long entry off TL kiss... ES & YM.. Nice reactionary move here! YM is Sept Contract... same template.
Do Bullys have enough juice here to test the upper TL build out before push thru the lower support line in the sand? We shall see.. Not looking for too much here as i`m eyeing Fibs & leaning Heavy!
Market dipped more than I expected this morning but there appears to be good foundation here. We are now at the 2625 to 2630 line again and I am banking on it not being a new ceiling and instead being a new floor. I love pullback--Staying long.