Nobody ever heard of a liquidity crunch or financial crisis before. The biggest and most beautiful collapse you ever seen!
Just checking in and I see we have a down day. Ok---looks like I would have missed out on the countertrend IHS on the 1 minute chart just a bit ago. In any event, I will watch the 5 and 15 to see if they reverse their downtrend but will also look at the moment for more countertrend 1 min buy signals.
I need some context. Is this ES you're talking about? And are you referring to today's low or the low made on Monday? Either way, neither of those are 5115.27. Anyway, what I was saying is TODAY'S selloff is coming to an end. And we still have roughly 3 hours left so we could reverse here. Fingers crossed.
FreddieMac 30yr weekly mortgage rate only moved down two stinkin' basis points today - strange. Last week 6.64% today 6.62%.
BTW where the hell is that V-man when you need him? Somebody drag his ass in here before we do a full-on V.
The 15 min chart would need to be a V right now to reverse it's downtrend. Could it happen?----It could.
Hourly chart remains in uptrend, so buying the 5 and the 15 is good in my view if applied timely and with PRM.