That's a strong bounce. I will open a long ESM position to hold into Sunday evening or Monday
Edited by dTraderB, 06 April 2018 - 02:54 PM.
Posted 06 April 2018 - 02:54 PM
That's a strong bounce. I will open a long ESM position to hold into Sunday evening or Monday
Edited by dTraderB, 06 April 2018 - 02:54 PM.
Posted 06 April 2018 - 04:37 PM
Posted 06 April 2018 - 06:33 PM
Bounce was weak to me, 2620 would have been significant but couldn't make it. Doesn't rule out a reversal Monday
but no buy at all, yet.
Posted 07 April 2018 - 08:18 AM
Looking for a bounce then DOWN, again
What's important will be the strength and conviction of the sell-the-ralliers and the buy-the-dippers
all the above goes out of the window or into the garbage can if there is a major US or geopolitical event
I expect Trump & his cast of jokers to walk back the tariff issue over the weekend.
Posted 07 April 2018 - 12:01 PM
I'm just not seeing the case for a "strong" bounce on Monday... not to say it cannot happen, but I don't see the ST CIT just yet... twt.
Link to SPX 60-min chart: https://postimg.org/image/ebgz5gwwp/
Link to SPX daily fast momentum chart: https://postimg.org/image/4e5ychpbt/
Link to SPX Daily slow momentum chart: https://postimg.org/image/a3m6wqimh/
Edited by tsharp, 07 April 2018 - 12:06 PM.
Posted 07 April 2018 - 12:05 PM
Negative internals with positive closing TICK, signals a bounce. I'd say if it fails, it will be a crash type move.
Posted 08 April 2018 - 12:07 AM
Looking for a bounce then DOWN, again
What's important will be the strength and conviction of the sell-the-ralliers and the buy-the-dippers
all the above goes out of the window or into the garbage can if there is a major US or geopolitical event
I expect Trump & his cast of jokers to walk back the tariff issue over the weekend.
Markets moves have no strong correlation with geopolitics, tariffs, rates, russian hookers, porn star interview, trump, debt cliff, medicare, taxes, banks, P/E, earnings, umemployment, GDP blah blah blah.
The only things that matter to the market are liquidity and the level of greed/fear. Those are the only two things i watch other than the technicals. Rest is all garbage IMO, as far as the causality of market moves is concerned.
Posted 08 April 2018 - 05:07 PM
Closed that weekend long trade, ES 9 points
Posted 09 April 2018 - 08:31 AM
Posted 09 April 2018 - 12:33 PM
I will feel more at ease if we can close 2680, until then it's just a bounce.
I'm over leveraged, if this is the bottom then it's the last chance to make a lot
of money, at the top it will be back to nickels and dimes.
Edited by CLK, 09 April 2018 - 12:38 PM.