Until it doesn't.....
Lots of moves last night and this morning, a very complex correction. I got stopped out of my longs and have been waiting for a resolution. Still looking like a bearflag overall. Below the red channel line would give this idea more confidence. Target to the upside could still be 2550-60 area, we'll just have to see. Good luck to all
Lots of moves last night and this morning, a very complex correction. I got stopped out of my longs and have been waiting for a resolution. Still looking like a bearflag overall. Below the red channel line would give this idea more confidence. Target to the upside could still be 2550-60 area, we'll just have to see. Good luck to all
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Purple Channel from yesterday still shaping the price. If we get to the top of the channel, that would get us near/over 2550.
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Looks like we're going up. 2560 (price area) needs to hold for the bear case to play out. Upper channel from last update is my target area.
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OIl hit resistance, usually influential to the market movement.
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Channel still holding back price. .5 fib at 2929 was hit which was originally my first target for my longs. Futures chart is delayed, but you get the idea
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SPY trendline "appears" to be breaking down - worth watching
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Waiting for a retrace to enter short, for example -
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If we don't bounce much, I think a break below the horizontal line would be an option to enter short. As long as stops are relatively close it may work fine.
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Took a short, stop for me is 250.40. Not a big deal if it gets stopped out. I have to buy food for the next 8 months - later guys
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stops put into some profit, so it's a free trade. Going to shop finally - good luck!
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Back from the store, took some profit because we hit the futures trendline. I expect it to break, but we may bounce a little first
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Completely spitballing here, but this futures trendline might indicate a bounce to around 2485 (sp500 futures chart).
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Possible bear flag on spy, also broke a trendline and seemed to retest it twice with no success so far.
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We are again fighting at the Red channel line. Expecting a bounce here, but it may just fail. I'll take profit if they hold it and reenter short if we get under it
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still battling at that trendline, no decision yet.
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trendline seems to be breaking down. 2464 on futures should not be passed at this point.
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they saved the line so far, so I stopped out with good profit for the day. It may bounce here or it may fail. I'd rather just watch at this point. still short in gold. Good luck everyone
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Here are some targets for the bounce. Couldn't help myself and took a small long position
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Reached the fist target, and immediately sold it, could be a bull trap.
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quite a battle towards the close, waiting to see if they close above my red trendline on futures.
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Looks like they will close above it - bullish. However this could also just be an ABC correction, so I'm flat
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This could be the count, not saying it is, but it makes sense as of now
This could be the count, not saying it is, but it makes sense as of now
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have a great weekend everyone!
