Pausing or Stalling or ready to plunge?
Posted 27 February 2019 - 01:53 PM
Its obvious the ppt is at work
YES, my friend, but the PPT does not come in after 20% rallies!
The dip-buyers in the retail crowd, the late-comers, the newbies, the algos, but not the smart are buying.
The smartest traders are trading ST and not committing to more than a few hours or a day in positions.
Posted 27 February 2019 - 02:01 PM
No denying the BULLS have shown more resilience, motivation, and more commitment in recent days.
The SPX close today is really important in determining market direction for the next week or so.
As BREADTH indicate, there has been more selling, stealthily by some who would not execute large trades to show their intent, but
my ST & IT signals are still LONG.
Posted 27 February 2019 - 02:37 PM
5- to 12-point NQ trades
Not complaining....just trying to accumulate