It should breakout to the upside San, as the shorter time frame charts are oversold. But, who knows? Lot's of trapped bulls ready to sell on any bounce higher.
We should be moving higher, as the 15 minute chart is now trying to cross over into positive territory, from being oversold on the histogram bars.
The 60 minute chart is still trying to rise up as well. If the bulls can push a little harder, I think they could get to 1060 today. But, there are still a lot of trapped bulls waiting for a exit bounce to happen… meaning that they might not get much of one?
Divergences in the indexes. Strange. Last night on CNBC they showed nasdaq futures down 40 while the other index futures were up. I am not sure it was a typo, a print from earlier, or what.
It should breakout to the upside San, as the shorter time frame charts are oversold. But, who knows? Lot's of trapped bulls ready to sell on any bounce higher.
It's the vix and time decay. Yeah, go out and come back later seems like a smart idea. But, I like watching the action…
Dow Jones 2 hours chart descending triangle
http://niftychartsandpatterns.blogspot.com/2010…
I guess we should go out and come back at the end of the day. My account is down huge with only a small move up here.
We should be moving higher, as the 15 minute chart is now trying to cross over into positive territory, from being oversold on the histogram bars.
The 60 minute chart is still trying to rise up as well. If the bulls can push a little harder, I think they could get to 1060 today. But, there are still a lot of trapped bulls waiting for a exit bounce to happen… meaning that they might not get much of one?
Divergences in the indexes. Strange. Last night on CNBC they showed nasdaq futures down 40 while the other index futures were up. I am not sure it was a typo, a print from earlier, or what.
They will suck all the bears in first, short squeeze them up to 1061 and then dive.
yes, although I suppose that would be too easy!
Straight down is much better. LOL
🙂
nevermind, looks like that may play out on a longer time frame from his chart (maybe a week or so). Today should be just straight down I think.