intra day posts will work if you post a print version of it - or
attach the image of course. You have to select print option and
Stockcharts gives you a different URL that shows for
everyone.
as far as that W patter - remember I posted a W pattern on the
SPX last Wed when it was nearing the 4000 area after that first
rally off the trendline low. That W pattern played out with a move
up to 4119, but the big difference here guys is that it's way to
early to think about that now too much. when I drew that pattern,
the W had mostly formed with 4 legs - right now you still need the
whole leg up - you only have 3 legs of the W.
how to plan for it? I don't think you need to because most
scenarios both bearish and bullish all align with each other right
now and call for a rally off this area - even the bear scenario
would call for a rally up to 4000 area or a bit higher - why
wouldn't you be long regardless - then after being long if you get
that rally up to those areas and the 4th leg of the W pattern
appears to be forming you can then decide to simply hold your long
position vs exiting - that's how you plan
intra day posts will work
SPX 15
Posted by matt on 15th of Sep 2022 at 09:54 am
intra day posts will work if you post a print version of it - or attach the image of course. You have to select print option and Stockcharts gives you a different URL that shows for everyone.
as far as that W patter - remember I posted a W pattern on the SPX last Wed when it was nearing the 4000 area after that first rally off the trendline low. That W pattern played out with a move up to 4119, but the big difference here guys is that it's way to early to think about that now too much. when I drew that pattern, the W had mostly formed with 4 legs - right now you still need the whole leg up - you only have 3 legs of the W.
how to plan for it? I don't think you need to because most scenarios both bearish and bullish all align with each other right now and call for a rally off this area - even the bear scenario would call for a rally up to 4000 area or a bit higher - why wouldn't you be long regardless - then after being long if you get that rally up to those areas and the 4th leg of the W pattern appears to be forming you can then decide to simply hold your long position vs exiting - that's how you plan
LOL you guys jinxed the
Posted by matt on 15th of Sep 2022 at 11:51 am
LOL you guys jinxed the early morning rally with all that talk about a bullish W pattern that hasn't even formed yet
Now that rally (we were
Posted by DigiNomad on 15th of Sep 2022 at 12:18 pm
Now that rally (we were thinking was relatively high probability) might be a rally up to touch the underside of the now broken trendline.
Very guilty of that on
Posted by retirefire on 15th of Sep 2022 at 11:53 am
Very guilty of that on trader psychology, I see what I want vs. what price says. As Steve said LOOSE your bias.
Cool beans. TY.
Posted by fredsaid on 15th of Sep 2022 at 10:10 am
Cool beans. TY.