this is getting interesting now...to short here? they could easily run your stop, on a day like today in a blink of an eye
This area 2270 is where the rubber meets the road. Either a breakout above or this is a top either short term or long term
In ideal world, a nice little drop here so shorts above can get out with nice $ and late longs can get in for next run. In the ideal world
I agree with you. Another bullish sign to support your current view is that first touch on upper bollinger band means more up ahead. So, trying to counter-trend trading here is a risky business. In the meantime, I expect market to pull back first before betting on the upside.
a first touch of an upper BB means higher? touch of an upper BB means overbought according to classic use? am I wrong here, or are you using this differently?