John's Intraday Market Analysis

My exit was 751 in the ER.

YM was weak. But I did get a signal of possible institutional buying which indicates a big move to come. So From now on I must hold until an obvious climax top and I say we are not there yet.

 

i just shorted ym
stop over high here

 

boybrutus, then im screwed , once again

 

I'm short, but my average cost is near the LOD. So I need a prayer to even make breakeven today.

 

Always good pullbacks on volume spikes to give some good coin.

We must be close to a top, its just to easy to let shorts jump on now for a move down dont you think.

 

If we break this, the selling should speed up.

 

"Always good pullbacks on volume spikes to give some good coin.

We must be close to a top, its just to easy to let shorts jump on now for a move down dont you think."

Boybrutus, your probly right, just the suckers like me jump in now. thanks for your input here (on this forum John has started ), as well as John's.

 

I would say now is a good time to short with further confirmation if IWM breaks 74.12.

 

Trend seems to be up. Do you mostly go counter-trend? Not saying one is better then the other, just curious. Good luck on the shorts.

 

The trend is changing, we got a lower high and a trend line break, we will go back to 73.94 for sure now.

SMH is lagging behind futures, when it catches up, we will speed up in futures direction.