3309 Drysdale Ct
Edwardsville, IL 62025
ES moved up overnight to the 5115 Gamma Wall (posted yesterday
here) where price found resistance.
ASPN also on watch along with RVNC and CFLT
Digi, thanks for your response! I appreciate your explanation,
and I enjoy descriptions of your thoughts throughout the trading
SIDU - big volume today on news
A bank in New York or California found to have serious internal
control issues? No way
I wonder what their management and the
regulators in those states are focusing on instead of the business
of running banks?
5115 ES a BIG GAMMA LEVEL - price rejected there today.
ES Support 5080/75
It's possible today's move up was a corrective a-b-c
should bulls fail to hold serve. Simply follow your
and....no k1 which is nice!
KRP - oil and gas royalty company, yet another energy related
name in a longer consolidation. 10% dividend. Daily small bull flag
For those that track Magazine Covers
Futures got to 18,069 so far .
We still figuring on a 18,200-300 target?
Basically a variation of that. I'm looking for "crown
reversals." Price crosses a supply or demand level (up or down),
then reverses and crosses the 21 EMA in the other direction, then
crosses the 21 again on a retest of the broken level...at that
point the trap is set. The 1st candle completely over the 21
in the direction of the reversal is the trigger. It looks
like a crown on the chart. I think there were 7 almost
textbook ones on SPX yesterday and 2 the day before. Today wasn't
as straightforward. AAPL was a good example today.
I have been using a 1 min and 10 sec chart. The earlier you
spot it, the better your odds . The problem with today was
that the retrace wasn't going back through the 21 EMA so I didn't
take many trades.
Digi, by reversal/trap do you mean a false breakout up or down
followed by price exceeding a nearby milestone price?
Hope you get some meds and rest Matt.....and get over that
quickly. Take it easy.
SPX - went against my trading plan at the last minute...traded
against the trend towards the close. I was about to punch out but I
figured there would be a pressure release after the close (common
lately). Got lucky and it let me out green.
Heading to the gym. Hopefully people don't get to concerned
when they see me beating my head against the way and repeating
"don't fight the trend, don't fight the trend, don't fight the
trend, don't fight the trend!"
NQ 200 points off 17,900 support
Yeah, hope you get better soon. We need you in the trading on
wild days like these!
Hope you feel better very soon. Doesn't sound fun.
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