Finally a post I can understand. My best setup is a volatility breakout, ideally a test of it, and the chart has a very distinct formation. Right now we are on the “long only” side of it, but it can sputter out at any given time, including tonight or tomorrow.
The inside "pattern" can appear on all time-based charts, regardless of the underlying. Personally, I don't use candlesticks or candlestick patterns. However inside and outside days are unique, in that they are 2 of only 10 possible formations of adjacent pairs of price bars. When used with volume, today, the inside day, ES volume was 65% of the previous day... depending on ones style and method of analysis, given that input from the DAILY chart, "something" is being indicated.
Ridiculously low? After a 10% drop? Wonder how ridiculously low stocks will be when the markets are down 33% Billionaire Sam Zell says he is buying some ‘ridiculously low’ stocks in the wild market swings PUBLISHED THU, MAR 5 20209:42 AM EST Matthew J. Belvedere@MATT_BELVEDERE https://www.cnbc.com/2020/03/05/sam...ulously-low-stocks-in-wild-market-swings.html
Didn't read the attached article, but late last year Zell went on record that he was buying beaten down energy sector names. Contrary to widespread belief, there are sectors that have been annihilated during the blow off highs. Just look at OXY, SLB, RIG, HAL, etc. as an example.
I can't believe how hated this sector is, seems like its years and years away from coming back into favor.