10 replies to this topic

[redfoliage2]

It's now in Bullish mode.

[redfoliage2]

Neutral now.

[redfoliage2]

Just a weak bounce and I see the ES 2660 support will give away soon or later.............

[Shaggies_View]

Agree RED. I see DAX as leading. Already broken its Feb lows. 

I see other main indices test at least the Feb lows. Any bounce will be a dead cat one imho.

 

Shaggy

[redfoliage2]

Agree RED. I see DAX as leading. Already broken its Feb lows. 

I see other main indices test at least the Feb lows. Any bounce will be a dead cat one imho.

 

Shaggy

Due to Friday effect it may still bounce higher.   It may close at HOD to open the door to 2700 - 2710.  Then it's time to short again from there.

Edited by redfoliage2, 02 March 2018 - 02:28 PM.

[redfoliage2]

In longer term view the market is on wave C down to re-test the Feb. low, if not lower..................

Edited by redfoliage2, 02 March 2018 - 02:47 PM.

[redfoliage2]

It looks that the late hour selling kicked in again. 

Edited by redfoliage2, 02 March 2018 - 03:10 PM.

[redfoliage2]

As I posted earlier today it's going to close at HOD.  With a gapup on Monday it's likely that SPX will be around 2700 - 2710.  Then time to short again.

Edited by redfoliage2, 02 March 2018 - 03:43 PM.

[saltlake]

Good call Red, What's your line in the sand? Where do you flip swing bullish? above 2710

[redfoliage2]

With vix remaining high its hard to do swing trading. For now I only do VST trading or day trading.

Edited by redfoliage2, 02 March 2018 - 07:52 PM.