Given the solid uptrend in the last couple weeks, do you find it unsurprising that such little ATR was covered today, despite value continuing to be built in support of the trend?
Appreciate it! Yeah, the multi-day balance breakout is lacking tempo/pace, which is a function of the recent strong run, but also the market waiting for tech earnings. Let’s see what happens after earnings. A liquidation break would be welcomed to correct some of the recent inventory build-up and attract stronger buyers at better prices.
''Buyers' first order of business is reclaiming 7162 (along with a VIX move back below 19). Failure to do so opens the door to traversing the composite value area toward 7126, as discussed.'' Thank you for that message early morning, Smash. You saved my day and capital. I was trapped at 7175.00 . The time you posted the message, the price was straggling around 7150.00... I noticed that 5min candlesticks started turn green. I remained calm under pressure. I exited at 7180.00...Muchas gracias de todo corazon, hermano !
Thanks Smash!
Good analysis as always Smash.
Given the solid uptrend in the last couple weeks, do you find it unsurprising that such little ATR was covered today, despite value continuing to be built in support of the trend?
Appreciate it! Yeah, the multi-day balance breakout is lacking tempo/pace, which is a function of the recent strong run, but also the market waiting for tech earnings. Let’s see what happens after earnings. A liquidation break would be welcomed to correct some of the recent inventory build-up and attract stronger buyers at better prices.
Agreed, earnings should be interesting. The push the last couple days was really lackluster. Feels like buyers are just going through the motions.
''Buyers' first order of business is reclaiming 7162 (along with a VIX move back below 19). Failure to do so opens the door to traversing the composite value area toward 7126, as discussed.'' Thank you for that message early morning, Smash. You saved my day and capital. I was trapped at 7175.00 . The time you posted the message, the price was straggling around 7150.00... I noticed that 5min candlesticks started turn green. I remained calm under pressure. I exited at 7180.00...Muchas gracias de todo corazon, hermano !
The smash level was at it again today. Thanks for the high-value content!
Thanks Smash! Best levels I’ve come across.