guys - it's very simple - the market is at an infection point,
Steve will discuss in his newsletter. The SPX is set to
either gap over the downtrend line (which is bullish and a point of
recognition if the gap holds), however this is an inflection point,
thus it's also an area where price could get smacked back down hard
and reverse. I showed on the XLE chart, it looks similar to
the SPX, however it still hasn't filled its gap, thus if someone
wished to still give their short room with a stop over the
downtrend line, I think that's fine too since you've held it this
long - for XLE this area is an inflection point as well.
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i think he means gap
XLE system notification
Posted by himsa on 5th of Jul 2013 at 06:04 pm
i think he means gap up
guys - it's very simple
Posted by matt on 7th of Jul 2013 at 02:34 am
guys - it's very simple - the market is at an infection point, Steve will discuss in his newsletter. The SPX is set to either gap over the downtrend line (which is bullish and a point of recognition if the gap holds), however this is an inflection point, thus it's also an area where price could get smacked back down hard and reverse. I showed on the XLE chart, it looks similar to the SPX, however it still hasn't filled its gap, thus if someone wished to still give their short room with a stop over the downtrend line, I think that's fine too since you've held it this long - for XLE this area is an inflection point as well.