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70% Chance we open lower on Monday


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#1 kinga200

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Posted 04 May 2018 - 03:11 PM

To me, this is another distribution opportunity. And dont trust this move.  I am waiting to get above 2,676 before I buy it.  We get above that then we are going to the high on April 18.

 

Took no posiiton...



#2 Waver

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Posted 04 May 2018 - 04:10 PM

What does 2,676 represent?



#3 kinga200

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Posted 04 May 2018 - 04:44 PM

VST upper resistance from the April 18 downtrend.
Sorry, should be more to the point...trying but have a day job. My last 70% was right on the open BUT intraday rally.
Note to self, sell ur profits.

IMHO this is just another distribution play on news driven. The close wasn't character to a continuation AND below VST resistance.

#4 Data

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Posted 05 May 2018 - 10:26 AM

What does 2,676 represent?

 

He's drawing a trendline after switching the daily bars to closes instead of HLOC.  In that care, he would be targeting the next higher close, not the high.