Edited by TechMan, 16 July 2015 - 10:30 PM.
Gettin' Close
#21
Posted 16 July 2015 - 10:27 PM
#22
Posted 17 July 2015 - 05:59 AM
It's right there, 2100, but it's no good without volume. Darn it!
Very tight overnight trading range
No chance to enter nor exit!
This is an impressive 75 point straight up relief rally squeeze from the lows.
I remain concerned that the low volume seasonal july conditions may excalate price upwards beyond rational exhuberance! That trendline is at risk but the fat lady hasnt started singing yet for this stubborn bull.
We are due a break/pause/retrace but it doesnt mean this will happen.
I plan to continue trading with caution and keep position size moderate with stops like you near the top of the range.
Salam
Edited by salam, 17 July 2015 - 06:00 AM.
#23
Posted 17 July 2015 - 09:13 AM
Very tight overnight trading range
No chance to enter nor exit!
This is an impressive 75 point straight up relief rally squeeze from the lows.
I remain concerned that the low volume seasonal july conditions may excalate price upwards beyond rational exhuberance! That trendline is at risk but the fat lady hasnt started singing yet for this stubborn bull.
We are due a break/pause/retrace but it doesnt mean this will happen.
I plan to continue trading with caution and keep position size moderate with stops like you near the top of the range.
Salam
Ive improved my short average to 2122 but reduced to 1/3 position short. Ill add on any pop up
#24
Posted 17 July 2015 - 09:17 AM
#25
Posted 17 July 2015 - 10:35 AM
QQQ at 113.07. Crazy, crazy.
Still holding. Looking to add new short positions. Google looks ripe for the pickin'.
Dull and Boring
A massive change in market behaviour compared to the previous 3 weeks.
Ive reduced to 1/4 position short average 2122 cash price. This just doesnt feel like we are going to get the usual corrections....maybe Monday
Limit order above around 2127/8 area in place to add 1/3 position only.
Im off to play a weekend poker Tourney in sunny Liverpool. Only £25k prize pool so only beer money hopefully!
Have a good weekend and trade safe as always!
Salam
Edited by salam, 17 July 2015 - 10:40 AM.
#26
Posted 17 July 2015 - 10:54 AM
Edited by TechMan, 17 July 2015 - 11:04 AM.
#27
Posted 17 July 2015 - 05:42 PM
#28
Posted 18 July 2015 - 01:08 PM
Gettin' close, but I think it's close enough.
#29
Posted 20 July 2015 - 09:37 AM
Now that the NDX has broken out of the 4380-4550 range, I've started looking at this broadening wedge formation. It's come real close to the upper trendline at approx. 4676 on "Google" Friday, which just happened to be an opex Friday, by 0.3%. QQQ is only 0.18% away from its upper trendline at approx. 113.80.
Edited by TechMan, 20 July 2015 - 09:43 AM.
#30
Posted 20 July 2015 - 12:21 PM