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Biggest Bear Trap of All Times? (Friday's Pullback)

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22 replies to this topic

#21 SemiBizz

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Posted 31 December 2018 - 08:18 AM

ES Futures 2505... best resistance 2519.00


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#22 cycletimer

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Posted 01 January 2019 - 12:39 PM

Bears will overstay their welcome as interim bottom is near IMHO. If so were a bear I’d have taken my profits by now and stand aside or gradually scale into Longs.

#23 SemiBizz

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Posted 01 January 2019 - 12:52 PM

I don't think it's settled...

 

Tomorrow's your New Year's Gap...

 

We still have one from 2012...

 

The name of the game is gap it and go...

 

I was out on appt. late Friday and missed the close... but in my post-mortem examination, I ran across this 45 Pt Nasdaq spike in the final 3 min of trade!...

 

Dv1-esSU0AE9cgj.jpg


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics