Buy1Sell2, Have you abandoned your downtrend hypothesis or perhaps it's just not started? I can see that happening in the May/June cycle this year. I don't go out that far, though. Just curious.
Not yet. I think we are headed down longer term. We've topping range action going on right now. I tend to be early.
Reader--you might not understand why I say this, but this is one of the greatest trades that I have made in the past 2 years.
Well, you certainly dodged a bullet there. I've had some very satisfying losing trades. Swing trade CL was down 900 for the day. I was calm and collected and made 2 day trades for +600. By EOD CL was about the same, but I was only down 300. And unsatisfying winners. Sometimes, it's just about performance as a trader.
3820/3800 from here. Maybe by week end. I don't pay much attention to H&S, but couldn't help notice. Big picture we're still in a large trading range here at ATHs.