Congratulations again oddiduro. You nailed the high of the day 10 minutes before the fact. Great action starting the week 20 ES pts potential on the way up another 20 on the way down. BTW why that alias "oddiduro" what does it mean?
lately, the market has been crazy, no? it's gapping like everyday now. is that what an astute observer would call "too much emotion"? ok, my theory is the market cannot progress higher in such an erratic fashion. it's trying to "cheat" higher, by gapping. i think to have a real progress up, there needs to be an orderly progress where the market TRADES (not gaps) thru all the subsequent resistance levels. The resistance we're facing is huge by the way, 200MA, down trendline, previous highs. What do you think? I'm staying on the sidelines, until it stops gapping like crazy and shows some actual trading on DAILY.
Don't know. I just have it for intraday support and resistance. ------- Notice how the dow was rejected early in the day at the month high and 200 day EMA. Hopefully traders here made that trade.
Thanks Oddiduro means "house of the strong wall" which was given to me when my godfather introduced me to my Native American heritage during an initiation.