IWM ... would be nice to get a new low on this lame duck (Daily)
... so that we could get a divergent one .... there's some
small ones on the hourly ... and maybe a falling wedge ....
but i'm wearing my pink goggles on this .... lol
Yes mla - it would be nice to see a washout or gap down and
solid reversal to put in a tradeable low. With that said the
market does not always adhere to ones wishes. For now SPX 15
looks bear flaggish (reverse cup and handle look). Respect
your triggers on any reversal attempt with the market
coiled
That bear flag is paying nicely tonight with ES down 18 points -
all that chop intraday was just bs allowing another bearish pattern
to form. Usually these channels (see ES 60 below) end with
waterfall type selloffs not chop. Trim and trail.
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IWM ... would be nice
Posted by mla127 on 22nd of Oct 2018 at 03:41 pm
IWM ... would be nice to get a new low on this lame duck (Daily) ... so that we could get a divergent one .... there's some small ones on the hourly ... and maybe a falling wedge .... but i'm wearing my pink goggles on this .... lol
TNA 60m ... we'll see
Posted by mla127 on 22nd of Oct 2018 at 04:06 pm
TNA 60m ... we'll see what this does tmr ....
Yes mla - it would
Posted by steve on 22nd of Oct 2018 at 03:55 pm
Yes mla - it would be nice to see a washout or gap down and solid reversal to put in a tradeable low. With that said the market does not always adhere to ones wishes. For now SPX 15 looks bear flaggish (reverse cup and handle look). Respect your triggers on any reversal attempt with the market coiled
That bear flag is paying
Posted by steve on 22nd of Oct 2018 at 08:24 pm
That bear flag is paying nicely tonight with ES down 18 points - all that chop intraday was just bs allowing another bearish pattern to form. Usually these channels (see ES 60 below) end with waterfall type selloffs not chop. Trim and trail.