GS looks like it's got an inverted H&S on the 10 minute chart. If it plays out, it could help rally the market. However, the vix is falling and is almost at gap fill, which should give it support. Apple has filled it's gap and is stuck there.
Basically, the market could breakout to the upside… or fail and come back down. However, it's running out of time as the 60 and 15 minute charts are going into overbought territory now.
It's hard to say what's going to happen at this point? I just don't think it will have enough juice to breakout today. Maybe tomorrow if the GDP numbers come in good? Who knows?
Thanks! To make it in this market recently, one has to be completely disciplined and pragmatic. I think that the REITs are a smoking ruin of fail, but I will happily take that trade if I can make money on it.
Yeah, and the 60, 15, and 5 minute charts don't have a lot of room to go on the upside before rolling back down. I really can't see this lasting into tomorrow either Jim.
Trend is clearly down. If key levels are not taken out by the bulls this will be another sell on rally. But we have to wait and see if the rally happens
Something just turned it down??
GS, XOM, and AAPL are falling too gang. Looks like the rally might have ended?
You going short again now?
Closed em all at open cept one
😀
GS looks like it's got an inverted H&S on the 10 minute chart. If it plays out, it could help rally the market. However, the vix is falling and is almost at gap fill, which should give it support. Apple has filled it's gap and is stuck there.
Basically, the market could breakout to the upside… or fail and come back down. However, it's running out of time as the 60 and 15 minute charts are going into overbought territory now.
It's hard to say what's going to happen at this point? I just don't think it will have enough juice to breakout today. Maybe tomorrow if the GDP numbers come in good? Who knows?
Thanks! To make it in this market recently, one has to be completely disciplined and pragmatic. I think that the REITs are a smoking ruin of fail, but I will happily take that trade if I can make money on it.
Yeah, and the 60, 15, and 5 minute charts don't have a lot of room to go on the upside before rolling back down. I really can't see this lasting into tomorrow either Jim.
Smart move Dreadwin… you are a smart trader.
Buyers do not appear to be jumping in?? I was going to wait till above 1062 to add to shorts.
Trend is clearly down. If key levels are not taken out by the bulls this will be another sell on rally.
But we have to wait and see if the rally happens