SPX bull flag and pennant resistance
Actualizado
Kind of hard to believe price came back into the pennant to test resistance.
Formed a big bull flag along the way off overnight price action.
Double bearish patterns, worth a play.
Invalidated if we pop over the pennant, throwback retest to former pennant resistance - I'd reverse long after that instead.
Formed a big bull flag along the way off overnight price action.
Double bearish patterns, worth a play.
Invalidated if we pop over the pennant, throwback retest to former pennant resistance - I'd reverse long after that instead.
Comentarios
I am looking to short at this level, when 15 min price blows out the upper bollinger bands at 2 and 3 std dev. A run up there prior to the 8:30 employment news would tip their hand that the numbers are bad. I'll short any pop in that area though.Comentarios
Shorted and covered all morning to bring my cost basis down. Held 3, then covered on the dump at 2870 on the dot.Pennant support trying here.... but NQ is going to be the one that drags us lower. Any bounce is a short.
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