Yeah,I feel clueless, too. The bounce after the 10-point downmmove hasn't played out as I expected. The half of the shorts I hung onto are almost back to breakeven, and I just hate when that happens. Shoulda/coulda/woulda dumped 'em all at 1505.
anybody get chopped up yet? those glory days of aug and sept are long gone.time for a directionless market. look for this range of 1490/1575 to get tighter and tighter. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=0 blackguard
I have to agree my intraday oppurtunities have been great the past week or 2. Chop is fine with me as long as volume remains.
absolutely.....nice ebb & flow.........made my quota x 4 yesterday before noon & `im @ quota today......this PA is fine by me before we break either way. fwiw....i feel we need to see mid/hi twenties before we resume down.....i have 3 very nice sell levels in the 20`s & lo 30`s.
..... 3rd bull flag since the reversal .... ... see if we can break 16.5 ... 10 min chart ... edit... aaaah... there is a little volume ...edit..... getting more/less momentum now... ...4th flag didn't even get a chance to form... .... avarus... i would not count on 47 today
Just on update on the canadian dollar. I was looking for a possible entry again today after being stopped out last night but never got it. It is off to the races and has negated all my zones. Therefore I will take my stop as I intended to and will look elsewhere for high prob. trades.
Seeing bearish divergence again, right in my resistance zone of 1515-1518. If I was not already short, I think I'd be looking for a reversal bar to get short here. Having said that, I'd love to get a short entry in the 20s. If we break above 1518, I'm guessing we'll zoom right up there. (That would also stop me out of my remaining shorts.)