/cl creates a clear descending 3 touch pattern on 5 min candles at 92.20 -- which is high for the morning then begins a nice descent, creating a triple touch TL along the way. Currently at 91.30 for 90 ticks.
Possibly going down all the way to 91.04 which is where it originally broke out -- we shall see...
Posting these comments real time.
Iran -- negotiating is bearish for oil -- so catalyst exists.
now 91.12 - almost there.
blam! all the way through to 90.80 on massive volume -- stop hunt.
One could have entered the short late at 9:02 -- entire day is OVER in 18 minutes (for 100 ticks).
90.50 -- still getting crushed.... should bounce soon.
bot JNS -- it was weak, thought insider buying would save it, stopped out.
bot AMRN -- strong on heavy call buying -- profitable immediately despite weak market. Strength pays once again.
/tf bounce -- of 30 ticks after the 3rd green 5 xover 34 -- needed to break 5 min. then double bottom -- a classic pattern I see often. Looks like topped out at resistance.
Levels are much easier to see on 5 min charts. 1-min is way too choppy.
/tf -- that bounce went all the way to resistance -- top of the morning levels. nearly 60 ticks... once again 5 min charts plot the major targets
824.9 -- that was a triple touch -- so would look for top out here.
1:30 pm: market slows way down as usual. Once again, best swing are in the morning.
34 ma over 99 ma -- trending up -- rule is -- no shorting. Which is wise so far even though AAPL is red and it would SEEM like shorting is a good idea.
shorted /tf on paper on 5/34 x-over -- felt like late entry. Set a cover 21 ticks lowered - and hit it, market immediately bounced -- was a perfect read. Market Signals were strong -- knew it couldn't die. But waited for signals and took no heat on traded.
Strong Market Signals -- realized market couldn't drop -- so it closed at the highs -- /tf touched a TL on 5/15 min chart -- higher timeframes are the targets to look for.