As I see it. A good short covering burst would help set up a breakout. The short seems almost too obvious. Either way. Trade what ya see.
Indeed that's what I'm fearing; both sides can justify/want a 4-6pt runup right now: the bears would want a perfect setup to slam and the bulls would want the runup to breakout of. I'd be shorting with more confidence if it weren't a Friday and the runup wouldn't look as bull-flag-ish as it does. I think I'll wait for a potential double-gap up on Monday
yep, lol. Boring me to death, making me wait for my profits. I'll Stop for the day with +12 points bagged when it hits my profit take number
Adding 1040.00 calls. If bulls have brass balls they will show us how convinced they are about the bullsh1t they are presenting today.
dejavu (again, LOL) Look at that volume drop off a cliff leaving price just hanging on the edge. Note yesterday's lat day volume. Plenty of shorts entering for a nice squeeze above the DT. I'm gonna plant an acre of wildflowers instead of staring at this. Good trading all.