I will be selling top of the channel though if price was to get there (I really believe that it does). Of course it may turn out to be a bull flag, you never have the confidence when looking at a pattern, but I prefer to sell upper levels. What about you, what is your trading method?
Similar with looking at support and resistance. NQ was tricky this week and felt like my long trades would have been much better off in Es, rty etc. It’s my belief that ranges over the next weeks will be wide.
God I hope ranges are wide. But after 100 points in 2 days on ES, it’s reasonable to expect a little consolidation and small ranges
Why's the Nikkei selling off? What's spookin' things tonight? Something must be. I would have sworn tonight would be flat to up. edit... must be that stupid ship that got stuck. I better turn on Bloomberg just in case. edit 2.... damn the Russell is down 1% too. hmph.
How high are the banks on the Suez Canal? I'd have Israel take two of those bunker buster things and put one on each end of the canal about a mile away from that ship and light the candles. That water is gonna go in both directions out from the blast. Float that f'r out of there. Just be ready when the mini-tsunami hits. Have that bitch revved up and ready to go. "All ahead starboard full".
Maybe the downward channel in Nasdaq that I posted about kickstarting the selloff. We will find out in due course.