Posted by DigiNomad on 8th of Mar 2024 at 03:36 pm
Perfect bear trap setup...until it fails. They've been working
for months on end now but eventually it will flip. Definitely a
different feel on the lower time frame charts today.
Posted by DigiNomad on 8th of Mar 2024 at 03:48 pm
That trap earlier worked out but it took a LONG time to
setup and pop compared to recent weeks and months. Same with this
setup right now - it might work, but it's not easy like it has
been. Lots of pressure likely from larger players unloading into
any hint of strength they can find.
No EOD Ramp? .... I guess today's dip buyers don't look
like gluttons at the Golden Coral like they used to ... I guess
there's only so much you can take after all ...
Posted by DigiNomad on 8th of Mar 2024 at 03:54 pm
Totally. Traders in Asia gonna need a different approach
when they come in Monday morning (our Sunday) and don't have a huge
gap away from VWAP to take advantage of.
Posted by DigiNomad on 8th of Mar 2024 at 03:58 pm
Haha. Looks like maybe the algos are going to tempt the other
algos set to key on weekly red candles by throwing out a little
teeny tiny one. Algos trying to trap algos. Wouldn't be
surprised to see a little liquidity push if we close with a red
weekly candle. MOC orders.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 10m
SPX 10m
Posted by mla127 on 8th of Mar 2024 at 03:31 pm
SPX 10m
Perfect bear trap setup...until it
Posted by DigiNomad on 8th of Mar 2024 at 03:36 pm
Perfect bear trap setup...until it fails. They've been working for months on end now but eventually it will flip. Definitely a different feel on the lower time frame charts today.
That trap earlier worked out
Posted by DigiNomad on 8th of Mar 2024 at 03:48 pm
That trap earlier worked out but it took a LONG time to setup and pop compared to recent weeks and months. Same with this setup right now - it might work, but it's not easy like it has been. Lots of pressure likely from larger players unloading into any hint of strength they can find.
No EOD Ramp? .... I
Posted by mla127 on 8th of Mar 2024 at 03:51 pm
No EOD Ramp? .... I guess today's dip buyers don't look like gluttons at the Golden Coral like they used to ... I guess there's only so much you can take after all ...
Totally. Traders in Asia gonna
Posted by DigiNomad on 8th of Mar 2024 at 03:54 pm
Totally. Traders in Asia gonna need a different approach when they come in Monday morning (our Sunday) and don't have a huge gap away from VWAP to take advantage of.
Haha. Looks like maybe the
Posted by DigiNomad on 8th of Mar 2024 at 03:58 pm
Haha. Looks like maybe the algos are going to tempt the other algos set to key on weekly red candles by throwing out a little teeny tiny one. Algos trying to trap algos. Wouldn't be surprised to see a little liquidity push if we close with a red weekly candle. MOC orders.