AD 1200 strong
xhb, kre xlf strong.
but market in correction mode.
first attempt: long /tf 11 tick stop: 9:52
+41 ticks for the day -- on /tf at 10:05 -- well done. Nailed the top, too. Ridiculous.
IWM - -failed EXACTLY at TL -- on 5 min chart -- this is perfect Technical resistance level.
rth, euros strong
HD -- new highs.
IBD names mostly green...
/tf 896 --fading
fading hard -- testing o/n lows? will it hit? (probably)
and yes 894.6 at 10:30 - ben speaking.
UD -- goes NEGATIVE -- CAREFUL.
/tf -- double bottom -- support here.
/zb - new highs 11:07 -- downtrend confirmed.
UD - signals new lows coming 11:30 -- euro close -- bringing in sellers
/gc - -huge move up though.
out of /tf long
+56 for the day.
key to today's success is entering where it feels most uncomfortable -- but being very aware of the support/resistance areas where you can take that risk and responsively enter.
AD 242 -- from -200 low of day
bounce back to the opening print possible? IWM -- in downtrend -- will it test again?
YES - 898 -- opening print touches and fade...
AD 735 and TF pushes to 899
IWM - TL break... bulls in control.
TLT - rejected at 200 day MA daily--- needs to base to breakthrough.
/tf -- tests over 900... now 899
Very mixed day --
/tf same price as 8 pm -- last night when it gapped open. FLAAT with a side of chop today.
Internals are VERY STRONG though. maybe saving up for last 10 min. pop.
Would NOT SHORT.
long /tf - last time risk 10t.
Internals powerful here. Support is the opening print.
63 ticks total today. stopped out for about 7 last trade.
incredible -- to do so well in pure chop.
Will post a chart later. Good chart reading / observations. Saw the market clearly -- took responsive entries.