John's Intraday Market Analysis

time to go long and strong for another bounce,,,

 

Out of all positions. Should have waited longer on YM position but trailed with a stop and got hit. 5min trendline looks to be breaking. SOX still under trendline YM bullish div. ER2 neg div.

So far up ~$200

 

Heres what I'm looking at, note we didn't break yesterday YM low, we bounced.

I'm getting some food.

 

ER2 bullish, YM long setup immenent. However volume really sucks. Big bullish signal on YM when looking at VIX. going long ym 11748, stop 11733, target 11758.

 

Target hit in 3 min, perfect trade.

 

ER2 squeezed those shorts bad, we need a retrace. Should have held longs longer.

 

results if 11745 was taken.

 

things looking bearish and choppy.

edit: also 200ma finally catching up, NQ at top resistance. Possible retrace at least 38%.

 

739 support ER2. Trendline is close to breaking.

 

AAPL may lead, must break 76.42 for short on ER2,,,,maybe,,,