These rallies are great opportunities for conservative stock traders to unload to go flat, this being October + elections around the corner. Volatility expecting, can be too much for some so they feel safer sitting on the sidelines until Santa.
This was my initial expectation for today shortly after yesterday's Close. Does + 1,72 % qualify as a decent up day?
I'm assuming you are looking at RTH charts because my 24 hr CQG chart is actually showing an outside day...and a bullish engulfing daily candle to boot
There is no good or bad. Just price movement up and down. As for the Inside Day - just sharing that observation at this point. I generally only use RTH data.
https://www.bloomberg.com/news/arti...-of-grim-poll-results-for-battleground-states Well gang, it's looks "all over" for the Trump re-election. And it just gets worse.....as our next president is not going to be Biden, but Harris...one of the most liberal Democrats in recent history. Biden will step down after one year in office due to health. So essentially this is a "Trojan Horse" play by the Dems.....making the GOP look like the stupid sh*ts they are. I, for one, am going down swinging....and joining the Proud Boys. https://en.wikipedia.org/wiki/Proud_Boys So I'll be out there Nov 3rd swinging and fighting...I'd rather be shot by police or put in jail rather than stand for a Blue Wave nomination. Come join me if you are a white male over 40 as you are the lowest of the low in US society today....even lower than the LGBQT community. Women rule today in the USA.
I don't get it. How can today be a bullish engulfing candle if we didn't break or even touch yesterday's high? We are talking about ES, right?
I did a quick check for you though. A gap up open tomorrow gives a high probability (70 %) of another up day / green close, but, there's a slight chance we can roll over within the first 5 minutes. So, be cautious. A gap down tomorrow should be bearish on the day. Just a quick check. I prefer to be a bit more thorough, but shouldn't be too far off.