vol....countertrending intraday is not the answer...u have the procedure down, just doing it at the wrong spot more often than not.....when u see the apex done, trend is friend..rule of 10 makes it your enemy, most of time...low % is good is a lie.....
trend is your friend is pure bs. Ask that to the trend followers who were long at the UPTREND at the fed announcement.
couple of scenarios are a lower lo, is met with some serious buying... LL meaning below yesterdays 68.75 or buyers may push us right up to that significant 95/96 level....putting in a NL for a 15min IHS.........perfect Santa rally to retest 24/26.....which is the exact measurement of that IHS....& staying in conjunction with that Monster Weekly Diamond that is looming here(my big pic)......if that comes to fruition,i`d expect the markets to deficate brutally after the new year.
caught this breakout for a nice scalp, sorry it is after the fact the move was too quick. My thinking is that the inflationary news is short term bullish. entry spy $148.50 exit $148.95. As I type this spy is back around my entry point. The market is one interesting giant discounting mechanism. spy
Good Lord...No one can make even the most generic comment around here without a Market Genius stepping in with some "education." Spare me.