/gc -- huge plunge to new lows under 1650.
Daily is in uptrend but we have to room to consolidate lower -- forma rising TL.
ASGN, AOL, KORS strong.
nat gas, oil, gold tsla, miners weak.
/cl - fast dip to just under last WED lows -- and 40t bounce. That was a good support area after the stophunt.
/tf -.08% not giving up much.
/cl - bounced drop again, same with /gc.
/tf - 912 - midzone
9:56 -- bear continuation signal
AD -400 churning -- /tf forming a base... but bear flag? or bounce?
/tf - breaking TL intraday
11 am - algos kick it to /tf 910 retrace.
|/cl: stop hunting recent lows, then highs|
/cl - note areas: classic.
XLF - strong as bull -- over 10 day -- carrying the load.
chop mode -- terrible time -- midzone /tf
1 pm: /gc breaks TL - intraday.
internals do not support /tf -- nothing here but noise -- 10 tick moves. No areas of concern. No good trade location.
Long GDX -- this IS a triple bottom coinciding with /gc TL break. -- easy .30 stop.
short /cl -- double top and TL break -- risk about 16t.
/tf -- value area here 910 forming... so nothing to do.
intraday bears mostly in charge. but many pockets of stregnth - balancing... at 910
FOSL --- today it's SQUEEZE 'EM HIGH.
short /tf -- stop 6t.
internals weakening - 1:50 stay short /tf
bull signal out /tf for 1 tick... woot.
and pop! :)
/cl - nhod -- triple top break.
/long /tf -- Bull Signal /tf break 910
/tf 911 -- long tails. ... good strength into close --
Best trade of the day was 8 am -- seeing the resistance area form -- and getting in with 10 - 15t stop.
Know your support/resistance areas.
|Correct play means you're done by 10:30|