Even DEMTDAYBOYZ can't stop the sellers. Lower highs lower lows. Don't fight the trend. 1150 here we come
Yeah, I wish I was short but I missed that entry you got. I just dont trade at night and there have been no opportunities "per my strategy" to get in either direction. I hope it either sets up for a long for me or at least consolidates enough to setup a good short opportunity. Looks like there is open space down to 1212.
that'd be nice! I'm just a clueless newbie though, don't forget. I just think this seems incredibly bearish. Bulls cant seem to muster anything. Everyone on twitter calling for the end of the world, ''DOW 5000'' etc. Off out for the day now. See you tomorrow
Thats because people on Twitter know nothing. DOW 5000 is if New York and LA get hit with Nuclear attacks.
Hi Philip, I'm on the sidelines today. I have 1220.50 or so for the low but that could be at days end with a 7 pt bounce before that. (e.g. up to 1230 and then down to 1220.50) so +7 and -9 ---longer term --- I think this thing has broken down. Not to say the US govt can't stage a rally to say 50% but then breakdown to H&S measurement as first stop.
The market is soo bearish I dont even think it needs a retrace up to 30... it could just push down to S2 before lunch and then sideways until 1:15-2:15. The end of the day could push up. But, that is all speculation. I am just sitting on the sidelines waiting for (An) entry. Either direction is fine with me.
Much better entry. I still dont have 1hour confirmation but shorter-term that is probably a good move.