13 replies to this topic

[tozwp]

As a general rule, I usually look for the market to go out on the lows when breadth is better than 2:1 negative (so far its running better than 3:1). Just the opposite on strong breadth days. Especially likely when breadth can't turn around mid day like today.

Excellent Point !

Watch out for low volume moves that aren't believed?

Another Excellent Point!

..You guys are as sharp as a pencil today.

Been through the pencil sharpener a few too many times. Bound to learn something after awhile

[Mr Dev]

the support trendline from the beginning of April on the ES 120-minute has been violated today....looks like a sell signal to me until proven otherwise....sure, it has happened many times that price moves back up into the rising trend channel

And based on some Buying on Weakness information,... they will likely pop it on some news tomorrow just to get paid.

But as mention that could also add fuel to the fire if they try and exit to quickly .

[hiker]

Dev...you holding shorts overnight?

[Mr Dev]

Dev...you holding shorts overnight?

Yup ! looking into NEXT week for an Exit Op ....Maybe Monday Close or Tuesday.