Steve. This was your post from last Friday. Do you still see
this as a scenario?
Thx
David
Ideal
scenario for a great short entry next week would be for this
consolidation to play out with new highs made on a euphoric gap to
the upside (exhaustion gap). There is plenty of support
below but this would at least be a great trade setup.
DK, consolidation is happening for now, and it may last for a
week or two. 4180-4200 is proven to be a strong resistance. The
move higher should occur into the OpEx this month, based on
opinions of market analysts. Another option is to move higher into
the end of the quarter. There was professional selling into
strength on Thursday, not seen since October.
So far this move up has been corrective, not impulsive. By that
token alone a move to new highs is improbable.
Steve. This was your post
Posted by DK on 6th of Feb 2023 at 03:46 pm
Steve. This was your post from last Friday. Do you still see this as a scenario?
Thx
David
Ideal scenario for a great short entry next week would be for this consolidation to play out with new highs made on a euphoric gap to the upside (exhaustion gap). There is plenty of support below but this would at least be a great trade setup.
DK, consolidation is happening for
Posted by junkie on 6th of Feb 2023 at 04:14 pm
DK, consolidation is happening for now, and it may last for a week or two. 4180-4200 is proven to be a strong resistance. The move higher should occur into the OpEx this month, based on opinions of market analysts. Another option is to move higher into the end of the quarter. There was professional selling into strength on Thursday, not seen since October.
So far this move up has been corrective, not impulsive. By that token alone a move to new highs is improbable.
Thanks Junkie!
Posted by DK on 6th of Feb 2023 at 11:34 pm
Thanks Junkie!