9 replies to this topic

[CLK]

Looks like 3 peaks and domed house on ES hourly, done. Looking for 2365, then see if they can recover

and break over 2400 sometime around end of next week. 

[da_cheif]

how many of those have i seen and lafft at the last 40 years   

[q4wer]

I agree that we should go down somewhat, not sure that it will get as low as 2365, but min target would be 2375, about 10 points lower from now. The best scenario for bear is to get two gaps filled, but I guess that the momentum is to the upside still , and dips will be bought quickly, so it won't stay low. Anyway, bears is too lucky to get two down days in a row these days.

[arbman]

Both Russell 2000 and Nasdaq 100 made new highs, S&P 500 should be next, it's consolidating for now. The breadth etc are meaningless when we are talking about the last 15-20 points noise to the upside. I doubt the indices will be able to sustain higher through May with this weakish upside volume...

[CLK]

Closed all st positions, risk is to the downside but may do nothing but chop for awhile.

I see no opportunity here, rather look for a better price to buy next week.

[CLK]

These news driven moves usually come all the way back before resuming. Changed my mind, bought puts

for next week. Long term bullish, short term bearish.

[CLK]

I don't like the weekly position of MACD here after crossing to the downside recently.

 

 

Edited by CLK, 27 April 2017 - 10:20 AM.

[CLK]

So far, the trade is working out. I think the selling continues into the middle of next week.

I just don't trust a quick run up right into the beginning of May, especially

with the weekly MACD already turned down.

[kinga200]

So far, the trade is working out. I think the selling continues into the middle of next week.
I just don't trust a quick run up right into the beginning of May, especially
with the weekly MACD already turned down.

Financials dead cat bounce....
This market is going to retrace the whole post election rally. Reality is catching up.

It's just starting

Imho

[da_cheif]

 

So far, the trade is working out. I think the selling continues into the middle of next week.
I just don't trust a quick run up right into the beginning of May, especially
with the weekly MACD already turned down.

Financials dead cat bounce....
This market is going to retrace the whole post election rally. Reality is catching up.

It's just starting

Imho

 

wrong