Financial history doesn't repeat itself, but it often rhymes.
You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
Still at lower high if we roll over here. The bear flag is looking tattered.
T.Lo may a comment about traders may just need to get used to the chop.
Which tells me it may be a good idea to get a list of shorts and a list of longs and alternate bias to the short side on these up-days and take profits and reverse bias when the market drops 2-3%. Chop is tough.
Feels overbought, MACD on 5-min rolled over Fri at 11:30. Will it do it again today?
ReplyDeletethis will be the 4the week in the 88 to 95 range.
ReplyDeleteStill at lower high if we roll over here. The bear flag is looking tattered.
ReplyDeleteT.Lo may a comment about traders may just need to get used to the chop.
Which tells me it may be a good idea to get a list of shorts and a list of longs and alternate bias to the short side on these up-days and take profits and reverse bias when the market drops 2-3%. Chop is tough.
Sell into the close again?
ReplyDeleteR2 is 90.54 and that's about what the VWAP is too... so my guess is we hit that by 4 pm.
ReplyDelete