Posted by frtaylor on 18th of May 2020 at 09:27 am
Matt or Steve, do you see today's gap up as a gap-and-go or a
shorting opportunity, and why? We've been in a range since late
April, and this morning's open puts us back at the top of the
range. To me it looks like a short because of that.
Trend days gap up strongly, trend all morning long into about 1
pm EST, then have an hr long consolidation, then attempt another
rally to a new intra day high in the afternoon
Posted by frtaylor on 18th of May 2020 at 09:53 am
Right, I'll review the video (saw it the first time too, thanks
for making it). It just seems like two forces working in
opposite directions and hard to tell (for me) therefore. Also just
noticing the upvol is about 10x the downvol. Maybe this is when we
break out of the range? Have to watch and see.
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Matt or Steve, do you
Posted by frtaylor on 18th of May 2020 at 09:27 am
Matt or Steve, do you see today's gap up as a gap-and-go or a shorting opportunity, and why? We've been in a range since late April, and this morning's open puts us back at the top of the range. To me it looks like a short because of that.
I could also be a
Posted by matt on 18th of May 2020 at 09:37 am
I could also be a Trend Day - see my tutorial and search Trend day on the trading community using the search feature
https://breakpointtrades.com/education/legacy/?nl_id=3297
Trend days gap up strongly, trend all morning long into about 1 pm EST, then have an hr long consolidation, then attempt another rally to a new intra day high in the afternoon
Right, I'll review the video
Posted by frtaylor on 18th of May 2020 at 09:53 am
Right, I'll review the video (saw it the first time too, thanks for making it). It just seems like two forces working in opposite directions and hard to tell (for me) therefore. Also just noticing the upvol is about 10x the downvol. Maybe this is when we break out of the range? Have to watch and see.