Heading out ... good luck y'all ... limits at +3, +6, and +10 points, stop at -1 point ... win or lose I did my job.
Two observations from you chart, VZ ... First, note the massive buy signal following the Massive Downtrend (massive downtrends often end with massive buys signals, e.g. 12/24/3028 and following). And a few of us have mentioned this here over the last few weeks, but really, how stupid are we American day traders to let this happen to us? EDIT: Yes, I see the typo in the pic. No, I'm not going to fix it. Then again, I guess in markets as it is in fashion, Europe has simply always been more trendy. Hey @speedo ... this looks nothing like what we saw yesterday. I'm going to have to ask Home Depot to put me on the day shift so that I can trade at night. (That last one may be to close to the US open to get any traction ... lol ... )
Been LONG 2883.00, anticipate 2943.00, under the contingency that we do break 2890.00 - 2900.00. Adding a short 2886.00, anticipate 2826.00 as this could very well be a massive short-term sell signal, if we were to print under 2880.00 Adjust accordingly...
Ok, peoples ... FOMC minutes at 2 PM Eatsern ... so here is your 7.5 point range to play with until then ... enjoy your range ... we may allow the range to expand by as much as 3 ticks on either side, but otherwise stop your begging or move to Europe. I have no idea, of course, but it seems as plausible a conjecture (or more so) than the massive signals I've seen around here.
? This is just minutes, not an interest rate meeting. Don't expect much at 2pm. The market is going to keep floating up and B1's equity will keep floating down.
Spot on. Yesterday indeed was a massive downtrend day. I expect continuation of that and thus remain short.