/ym - overnight rally - was once again a perfect 61.8% fib retrace from highs to lows of yesterday.
/zb turns up and
/ym -- fading now from the fib touch.
/tf fading under 920
data at 8:30 -- front running disaster?
financials green though.
Where has the market been? to the skies
Where does it want to go? wants to take out the dip buyers?
/cl - fake b/o -- dips below o/n low -- this market always hunts stops aggressively.
/es 1550 --
/zb -- pushing to resist.
/6e - new lows broke
ym - bounce 14500
/es 1550 --
market wants to stay at value here
shorts fighting a tough fight so far.
IBD list green
easy to see a cover rally.
reenter /ym short on TL -- 12t stop -- going with the TL.
/ym -- o/n high stophunt -- dropped 55t
expect choppyday based on mixed market signals.
YES -- great call -- RANGEBOUND day.
/zb .41% ???
pennant resolves to downside in afternoon --
AD 160 -- declining.
Daily chart in downtrend -- tops get sold now?
new lows possible
/tf -- in a large daily pennant --
AD flat --
today is a poor risk reward game.
/tf breaks to upside now -- pennant broke
AD 400 -- up at highs -- short it? seems like a trap. Feels like a trap.
But technically - a good trade.
$TICK - -higher lows all day... still say bear trap setting up for squeeze.