On the /ES charts, it

    Posted by patellee on 22nd of Apr 2020 at 11:37 am

    On the /ES charts, it feels to me this action is expected after it broke it's bearish wedge.  It looks to be retesting it.  Does anybody else agree?  I am still short.  Thoughts?

    Longer term Bearish pattern?  Smart money

    Posted by ridgetopab on 22nd of Apr 2020 at 12:54 pm

    Longer term Bearish pattern?

     Smart money unloading long position - distribution phase of bear rally, pump in the aftermarket hours then dump into strength of regular hours

    ...  market fundamentals should eventually take over, poor earnings and uncertain growth prospects pending resolution of the pandemic

    Smart money selling now?  If

    Posted by tgo5043 on 22nd of Apr 2020 at 01:26 pm

    Smart money selling now?  If there is such a thing as “ smart money” they sold a while ago. If anything they are doing the opposite of  what the “non-smart”  are doing which are short or on the sidelines waiting for a retest...  that may never come.

    Yup... its more difficult /

    Posted by arun on 22nd of Apr 2020 at 01:32 pm

    Yup... its more difficult / painful being short than long ... yesterday was the only day that was relatively easier for shorts... I wanted to reshort end of the day but it just wasnt worth it... 

    I agree with you.  I

    Posted by cape_rover on 22nd of Apr 2020 at 11:50 am

    I agree with you.  I just wish we had a similar confirming pattern on the Nasdaq and Russel charts.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!

A Paying Customer's Thoughts:

I particularly like the accuracy of the stock market index forecasts

Doug Lambert member since 12/05/2008

Read More Reviews