premarket weak.
/gc has a 100 tick explosion to nearly 1600 at 7 am
/si even stronger.
Something shifted here. GDX best etf premarket.
/zb strong .33%
/gc -- break out
AG - break above 10,20 ma...
paper short /ym - too early -- OFF PATTERN. Follow the rules.
/tf red-- perfect resistance at ystdy high --
ad -200
ud fading
Vix green
zb green
vix 3%
ad -380
/zb nhod
ud - negative
AD -700
/tf - touch o/n low
vix 5.4%
all signs -- bears winning.
AD -720
/tf test lows
/tf hit high of day with AD near zero -- great opp. to responsively enter the TRIPLE TOP.
Internals Matter.
Picking bottoms today may result in stinky finger.
-800 ad
Trend DOWN Day???
ALWAYS BE LOOKING FOR THE TRIPLE TOUCHES. /TF CLASSIC.
long /tf - at ystdy lows -15t stop - for volatility -- looking for 20t bounce.
short /ym on 5 min TL break.
Trend Down day signals -- ON system.
Also a triple touch.
short /tf -- break of formation wedge. 8t stop.
short /tf - again
AD -700
UD near lod
/zb breaking higher
1:50
UD nlod
short /tf - last time TL break.
Ad -750
UD -76
VIX 8.2%
/zb up strong
Trend is Down -- and bears in charge.
AD -860
UD -97
took about 13 ticks /tf -- regular TL break --
very bearish internals to just hope we bounce because we been up 6 days in a row.
everyone a dip buyer...
so all buyers here are WEAK.
Don't follow the crowd -- smells like failure today for the markets.
internals worse 2:42
TRADE LOCATION.
can't force a bad trade.
internals turn coming into 3 - still weak.
/tf /ym -- /es -- closing at VPOCish area. -- range test - and middle close. bloop.
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