Profile | Red Dragon Leo - Stock Market Trading on the Darkside

Friday's nasty drop looks and feels like a capitulation move to me. The VIX almost hit 30 but closed at 23.39, which left a nice...

August 5, 2024

Looks like the market decided it did want a triple bottom after all. I guess the overall bearish pressure from the weekly chart is keeping...

August 2, 2024

We got the rally I was looking for yesterday. Today is more of a grind higher as the market is clearly in a breakout mode....

August 1, 2024

Yesterday the bulls failed to breakdown from the "cup and handle" pattern. The drop changed the wave count. In the chatroom yesterday I posted the...

July 31, 2024

Well... up in the morning and down in the afternoon. We will probably see more of this in the coming days as B wave are...

July 30, 2024

It appears that we bottomed last Thursday so this coming end of the month or first of the next period, where "turns" commonly happen, should...

July 29, 2024

Getting close now to the low. Charts everywhere are oversold or very near it. My big question is... "Will this low finish the correction?". That's...

July 26, 2024

The prior low for my bigger A wave down was taken out yesterday, so that means the bigger B wave up finished at Tuesdays high....

July 25, 2024

Ok, the plan is playing out as expected as we should be in a B wave down inside a bigger B wave up, which should...

July 24, 2024

Ok, we got the bounce as expected, which could go higher still as the RSI and MACD's on the 6 hour chart have plenty of...

July 23, 2024