The 15 minute chart was oversold. It's at the zero mark now and rising. I'd estimate that it peaks around 3pm, which could cause more selling into the close? I say “could” because the 60 minute is getting pretty oversold, and might roll back up anytime now.
That might make tomorrow a “pause” day, as the 2 charts cancel each others' momentum out, resulting in not moving too much in either direction tomorrow.
I like both places but only have time for one these days so yes, I have been spending more time here. Yes, you were right but unfortunately timing is important. I have been short pretty much for 7 months which was really detrimental to my account. The retail trader doesn't control this market so the volume no longer matters. I learned the hard way that you can't hold triple ETFs. Since I have switched to options, my account has improved dramatically. Options, and Sundancer that is!!! The market and the world are corrupt. We are just going to have to accept it and be grateful that we are better off than most.
By the way regarding a discussion we had weeks ago, many weeks, I reserve the right to say I told you so AND about being right in the long term 🙂
However, I am not ready to say that yet. Although it is tempting with all the new found bears. To my way of thinking, and I respect all others we need to take out the February lows to declare the cyclical bull dead. At that time, I expect a reverse divergence as a confirmation on my volume based indicators.
I am still in a quandry regarding the volume figures. Were they always wrong which makes them right or are the recently corrupt which makes them wrong. Since occurance percentages are often quoted here, I guess the feeling is that it does not matter.
I just seen a 1135.25 spx print show up, but nothing on the spy. Not sure if it's just a late fill, or a possible target for tomorrow? (10 minute chart @ESM10 is the symbol).
I don't think it's like to rise back up there today, as all the charts are still pointing down, but it's something to keep in mind… just in case of a rally tomorrow (which I find unlikely… but anything is possible)
The 15 minute chart was oversold. It's at the zero mark now and rising. I'd estimate that it peaks around 3pm, which could cause more selling into the close? I say “could” because the 60 minute is getting pretty oversold, and might roll back up anytime now.
That might make tomorrow a “pause” day, as the 2 charts cancel each others' momentum out, resulting in not moving too much in either direction tomorrow.
I like both places but only have time for one these days so yes, I have been spending more time here. Yes, you were right but unfortunately timing is important. I have been short pretty much for 7 months which was really detrimental to my account. The retail trader doesn't control this market so the volume no longer matters. I learned the hard way that you can't hold triple ETFs. Since I have switched to options, my account has improved dramatically. Options, and Sundancer that is!!! The market and the world are corrupt. We are just going to have to accept it and be grateful that we are better off than most.
Well…I see you hanging out here more than there 🙂
By the way regarding a discussion we had weeks ago, many weeks, I reserve the right to say I told you so AND about being right in the long term 🙂
However, I am not ready to say that yet. Although it is tempting with all the new found bears. To my way of thinking, and I respect all others we need to take out the February lows to declare the cyclical bull dead. At that time, I expect a reverse divergence as a confirmation on my volume based indicators.
I am still in a quandry regarding the volume figures. Were they always wrong which makes them right or are the recently corrupt which makes them wrong. Since occurance percentages are often quoted here, I guess the feeling is that it does not matter.
guess they wanted to get everyone long to create some momentum to the downside!
Looks like 1120 is hard to break and hold. They cannot let OPEX Monday be too bad. they will pull out all stops IMO.
thanks red.
I use chrome on all my computers as well. ETF corner is fine and Serge uses DISQUS as well. So I am thinking it is something unrelated.
Oh well, thanks for taking the time to answer.
I will try Opera 🙂
It just disappear…
I just seen a 1135.25 spx print show up, but nothing on the spy. Not sure if it's just a late fill, or a possible target for tomorrow? (10 minute chart @ESM10 is the symbol).
I don't think it's like to rise back up there today, as all the charts are still pointing down, but it's something to keep in mind… just in case of a rally tomorrow (which I find unlikely… but anything is possible)
Unbelievable but somehow I believe it!