MRK yawning

Backtest backhand followed by nosebleed. We'll see if it can be stanched

UUP approaching long-term resistance line

$SPX needs to reclaim the 50 ma. So far slipping, undershoot would be natural, lose it and hoo boy. $VIX trying to break out of down channel

UUP hod

Someone (I'm sorry I can't remember who) posted recently that they are using symmetry to navigate these strong intraday moves. The exampee they gave was from one of the upmoves on Thursday or Friday. I decided to follow their example with today's downthrust and see how it plays out. The SPY  chart below targets the 396.50, area which is near the demand zone Steve posted this morning. Not saying it will happen. Just wanted to play around with it. It makes sense in the a-b-c paradigm Matt and Steve have taught

In The Systems We Trust!

Hard to see but $SPX sitting right below 20 ma and just above trendline it recaptured Friday. Needs to hold this support

And the answer is...bounce!

Don’t be silly. You can’t pass ridiculous policies unless we have a perpetual state of crisis. Don’t you know how it works?

ASO finding a little support at bottom of triangle. Bounce or break, we shall see

Just for giggles, diamond formation on $BTCUSD daily

Another gap down in $TNX

I put on some hedges end of day Friday. I'll be honest, I entered this position when the #$VIX began to escalate suddenly in the last hour. It turned out to be some sort of anomaly. Still, I decided to keep the hedges on as insurance against my longs. Since then, I have expected to eat that insurance. Nevertheless, here is my plan. If we gap down tomorrow morning, I will most likely close the hedges. If we gap up, and we most certainly could, I will have a decision to make. I may add to them, but that remains to be seen. As of now, futures are down slightly. Nothing of substance, just rounding error. We'll see the real deal when I wake up tomorrow morning .

DOCU daily and weekly looks. Cup and handle on the daily and the moving averages are bunched together just below price. On the weekly, last week's candle poked above a long-term support/resistance line as well as the 50 week ma, which is declining. The other moving averages are rising.

AMLX - what's the opposite of a basing pattern? Whatever it is, maybe it looks like this?

ZLAB - Chinese biotech

I have to admit I lost track of it after that first big pop. Shame on me! That’s a good lesson in sticking with those

During the trading day yesterday, the green bar on $NYHL was touching the upper Bollinger band. By the end of the day, the band had withdrawn a bit. I'll be interested to see what happens next, because those bands are really pinching.

$USD pulled back to horizontal support on the monthly. That support/resistance line has been important as seen on the longer-term chart. Also, RSI came down to trendline recently and bounced