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Another leg up this afternoon?


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#1 saltlake

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Posted 29 March 2018 - 12:36 PM

Consolidating at the higher range for today = another leg up. Of course unless it breaks down

#2 saltlake

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Posted 29 March 2018 - 01:22 PM

Dow should close up 500-600 today.

#3 redfoliage2

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Posted 29 March 2018 - 01:37 PM

Fund managers are positioning for the new quarter after the recent selling.  This up leg is likely to last for a while with the earnings season coming..............


Edited by redfoliage2, 29 March 2018 - 01:40 PM.


#4 saltlake

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Posted 29 March 2018 - 01:58 PM

Exactly , this could be the start of a nice uptrend . I want to see a strong close. A volume and breadth thrust would be nice too.

#5 saltlake

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Posted 29 March 2018 - 02:11 PM

Daytraders will continue to try and short this thing into the close and swing shorts need to cover after 3:30, this will send the market higher big time into the close(I think,lol)

#6 saltlake

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Posted 29 March 2018 - 02:33 PM

Well the market might have other ideas, if it slips below 2638 ES in the next 5-10 minutes it could get ugly .

#7 saltlake

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Posted 29 March 2018 - 02:37 PM

darn just got stopped out of a nice day trade long, didnt see the swoon. They wouldnt dare tank this thing would they?

#8 Shaggies_View

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Posted 29 March 2018 - 02:45 PM

They did exactly that on the FTSE this afternoon.

Shaggy



#9 saltlake

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Posted 29 March 2018 - 02:52 PM

Oh I see that , it looks like they stabilized the ES now, They just wanted to grab my stop. Im back in at 48 though, just until the close or maybe they stop me before . Im up 8 handles today, should have been more. Was up almost 24 at one time . Bad money management by me

#10 saltlake

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Posted 29 March 2018 - 02:55 PM

Now only 7 handles, I guess Im done. Another day that could of been for me