and covered for 17 ticks near gap close. Prior to that 5 min candle , /tf had made 3 touches at 836 -- establishing clear resistance.
Nat. gas strongest market.
May want to look at XCO, DVN, APA
/tf touched a fiblevel at open -- now pushing to the 836 barrier. STRONG STRONG signals.
 | |
| entry after fib-touch lead to 100 tick Trend Up day. |
836 touch.
10 am housing data in 3 min:
nearly 838 -- /tf is a pig today --
RAX, GMCR, FOSL, AMZN, leaders.
nat gas names pushing.
TROX another 10%f
advn-decn +1000 runaway train.
+1153 -- 5-sigma day? this is going to be huge. Dow only +50 still.
/tf new resistance is 841.70ish.
+1300 advn-decn -- MONSTER day. shorts that don't recognize what's going on are being destroyed. You NEVER get SHORT early on a day like today -- if at all.
advn-decn - slides to 1200.... /tf 841.2 high... all this on rumors??? wow.
843...
imagine... fighting this
/tf 842 -- looks weaker advn-decn still +1100 how can you fade it? Still massive Trend Up Signals.
/tf 844.3 --- and there you go. Trend Up means higher and higher. "Too high" is your mind messing with you.
So perhaps -- big movement days - view the day through 5 min candles. When tight range, switch to 1 minute.
double top 844 -- but too Trendy to fade.
ah: expecting push on low volume.
advn-decn +1450 at the close -- 844.50 /tf The Power of the Market.
Hedge funds going to eat a lot of fat turkey this year. Everyone else can suck it.
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