6 replies to this topic

[iloli way]

[iloli way]

RUT cash:

 

The same Purple Gap Oct 2015 (left pointing red arrow in chart below) http://www.traders-t...30-purple-gap/

 

 

...happened again first day of 2016!

 

 

 

This bigger Purple Gap, a bigger tell-tale, is now within reach too.

 

If gap-filled and if the Red TL also BO, targets are: 1200, 1260 even 1300.

 

If rejected by the gap, or gap-filled but tanked by the Red TL, would entice a good short.

 

 

 

[iloli way]

RUT cash:

 

The same Purple Gap Oct 2015 (left pointing red arrow in chart below) http://www.traders-t...30-purple-gap/

 

 

...happened again first day of 2016!

 

 

 

This bigger Purple Gap, a bigger tell-tale, is now within reach too.

 

If gap-filled and if the Red TL also BO, targets are: 1200, 1260 even 1300.

 

If rejected by the gap, or gap-filled but tanked by the Red TL, would entice a good short.

 

 

 

 

 

[relax]

So what do we do, wait for ES 2075 or start now ;-)

[iloli way]

So what do we do, wait for ES 2075 or start now ;-)

 

 

I see nothing's changed since the first two posts of 10 days ago - ES is still "Not Yet" reached the 2073 ~ 85 the "Dunk It Now" dash-line; and RUT Purple Gap is still begging to be filled. OK, more details:

 

1.)  I marked the two blue local bear flags in this latest cash chart.  The current bear flag could just meander the same way as the last bear flag - down first to hit flag's bottom-line (a VST short), snap right back up (a VST long) and then finally tanked by the Red TL (the IT swing short).

 

2.)  Go straight up from here to Red TL, and then fill the purple gap on its way down; short immediately and risk just above Red TL (the IT swing short).

 

3.)  BO the Red TL with targets revealed before (keeping long).

 

4.)  Already rejected by Red TL, go straight down from here (mean reversion).

 

Take your pick.

[iloli way]

Today's action took its pick of scenario 1.)...

 

 

1.)  I marked the two blue local bear flags in this latest cash chart.  The current bear flag could just meander the same way as the last bear flag - down first to hit flag's bottom-line (a VST short), snap right back up (a VST long) and then finally tanked by the Red TL (the IT swing short).

 

On the surface of "rejected by the gap"...

 

 

If rejected by the gap, or gap-filled but tanked by the Red TL, would entice a good short.

 

[iloli way]

cash closed w/a red bullflag:

 

 

future stalled by that blue bear flag now: