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Daytraders Update 3/6


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#1 Rocketman

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Posted 06 March 2018 - 01:13 PM

 
3%2Bmin.gif

5 min Chart sent out last night: "Today is expected to be a consolidation day. The intraday cycle sees a 1st hour Low, midday Low and last hour Low. If the midday Low is lower than the 1st hour Low, it suggests a last hour lowest Low and Vice Versa."
 
5%2Bmin%2Bspx.gif
 
12.00 Update: The intraday cycle saw a 1st hour 10.15 Low and a  lower 11.45 midday Low. We should see a last hour Low.
 
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#2 NAV

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Posted 06 March 2018 - 01:16 PM

I am looking at something similar. Late day selloff.


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#3 Waver

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Posted 06 March 2018 - 01:19 PM

Rocketman - is the low from Jan 26th in or a retest or lower lows to come?

#4 redfoliage2

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Posted 06 March 2018 - 01:28 PM

But if it makes a higher then it will be different and it's making higher low and higher high in the afternoon............


Edited by redfoliage2, 06 March 2018 - 01:32 PM.


#5 Rocketman

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Posted 06 March 2018 - 01:43 PM

Red, If the 2.00 pm High+/-30 is a higher High, then it suggests a last hour higher Low.

 

Waver, good question, we have to see the nature of the current rally phase, when it tops out and if it still follows the MC, then we will know more.



#6 Rocketman

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Posted 06 March 2018 - 05:13 PM

5%2Bmin%2Bspx.gif

 

 

5.10 pm Update: Final Result: We saw a last hour 3.20 higher Low, which is bullish for tomorrow. The intraday cycle tomorrow, after perhaps initial weakness, is biased higher. Permature Bears be aware.



#7 saltlake

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Posted 06 March 2018 - 08:13 PM

Does the move down AH change your outlook?

#8 Rocketman

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Posted 06 March 2018 - 09:42 PM

No, will send outlook for tomorrow