Volume Dynamics Specialist
Posted 05 August 2017 - 11:03 AM
Nasdaq has failed to close over 6371 since 7/31 - This represents a 3.618X Fibonacci Extension of the first leg up, in this case acting as SOLID RESISTANCE...
If it fails now, we're going to see 6193 - Fibonacci Support and gap fill confluence...
Always nice to know what the market has to do to prove itself, one way or the other...
Edited by SemiBizz, 05 August 2017 - 11:08 AM.
Member
Member
Posted 05 August 2017 - 02:27 PM
Volume Dynamics Specialist
Posted 07 August 2017 - 08:47 AM
One more try to break 6371 in progress...
Member
Posted 07 August 2017 - 08:53 AM
ur not the only one with a quote machine or are you
Member
Posted 07 August 2017 - 08:58 AM
I also got an ST down side target at 6200. Selling into bounces should be safer than buying dips for the next few weeks.
Edited by redfoliage2, 07 August 2017 - 09:06 AM.
Member
Posted 07 August 2017 - 09:00 AM
I also got an ST down side target at 6200.
really?
Volume Dynamics Specialist
Posted 07 August 2017 - 09:33 AM
6371 has been pretty tough, but if they keep banging up against it, it's likely to give way, at least for a test...
Member
Posted 07 August 2017 - 10:05 AM
Battle of the algos.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Volume Dynamics Specialist
Posted 07 August 2017 - 10:13 AM
OK, so that's how they test these things... Jumps the Creek...
Should see consolidation now to 6371 again shortly.
