this is not a trend day chart,could be a reversal,yellow is uvol,could just change leads rest of day ,uvol leads,dvol leads
Stopped out on a trail stop @ 23. Technically, it still looks like a retracement in a intraday bear trend on my 5-minute, but I`m not willing to gamble with any more profits at this point since the probability of further selling is diminished by now. Just for fun, let`s see what would have happened if I trailed a stop @ 26,50 and enter a limit buy @ 1111. OCO Will turn off the computer now and get some sunshine. Later fellas
Well, once again, that Sunday open pattern has held up to the test, no matter how insane the markets. It's still a trade that works and that is reassuring from a technical stand point. It also proves that we are only trading against machines, which in my view is a good thing. Machines are technical. The only problem is when they start liquidating indiscriminately, or buying indiscriminately. But when the range is on, they are predictable. That said, unless NQ can move back above 2072, this is just another blip (ES 1141).
Online sentiment check says most people looking for another push down to come today. probably a very nice short here at 1128