Today's up/down volume is the final confirmation. We have a complete confirmation for the reversal. Panic selling + double spike up. And a break above the controlling teal line.
The trend has changed. Any dip is a gift to load up on longs and to close out shorts.
Here's the thing, when you have a plan – stick to the plan – went long on SPY after 109.50 (~109.80) as planned – starting thinking about the +2% gap up (this can't last) – exited the long calls (not planned)
Short term in now in the bulls' hands… that I will agree with you on. But, until the 41.55 qqqq low is tagged, I'm not sure the bottom is in?
Correct SC….. buy all dips.
Today's up/down volume is the final confirmation. We have a complete confirmation for the reversal. Panic selling + double spike up. And a break above the controlling teal line.
The trend has changed. Any dip is a gift to load up on longs and to close out shorts.
This was one painful bear squeeze Pez…
Here's the thing, when you have a plan – stick to the plan
– went long on SPY after 109.50 (~109.80) as planned
– starting thinking about the +2% gap up (this can't last)
– exited the long calls (not planned)
Looks like we are going to close at the highs of the day. Killed a lot of bears today, it seems.
S & P 500 Triangle in hourly chart
http://niftychartsandpatterns.blogspot.com/2010…
Thank you
Look at Alphahorn's chart from earlier this morning. Same print in the premarket, only on the spx/es
just looked at my 15min and noticed my open candle… open high and last is right but the low says 107.15
And up again tomorrow too… which doesn't make me feel any better.