I picked up 70+ ticks per, on the drop before I closed down for the day. I guess I've lost my hence of sumor. Oh well. First 3 (of many) Naked POC levels below. 3229 3196 3154.25 Only 1 above... 3263.75
Great article: https://www.marketwatch.com/story/a...hat-is-being-printed-2020-07-21?mod=home-page Best one can do right now ? Get into massive debt....and then pay it off in 2 years with dollars that will be worth one-tenth of today's dollars.
Hi Poljot, I assume you are new to trading? The answer to that question would be the holy grail in trading I'm afraid. So chances are slim someone here can help you out on this one. There are several ways to trade, and each method will use different techniques to try and identify (a higher probability of) a reversal. * Traders using horizontal support/resistance will assume an uptrend as long as price stays above the last main support. * Traders using channels will assume an uptrend as long as the channel is intact. * Traders using MA's will assume an uptrend as long as the smaller MA is above the bigger MA * Pattern traders will look for reversal patterns such as wedges or H&S pattern. ... etc... etc... It is also important to take the timeframe you are talking about into account. A reversal on a 5M chart doesn't mean the reversal is relevant on a daily chart.
Interesting VXX took took out yesterday’s highs. I assuming it is because of earnings reports tonight.
Crude oil inventories rose by nearly 5 million barrels, yet WTI crude (CL) refuses to go down. This is so typical of most markets right now.....all bad news is ignored. Market has blown-off 2020 and is reflecting 2021 and beyond.