Today's relentless downside continuation formed a double distribution similar to yesterday's, with breakdown single prints in L-period and a downward spike. Acceptance or rejection is what I observe in the short-term.
Tks for the writeup Smash. I would be keeping an eye on 4370. Yesterdays action filled a previously unfilled gap from June 2. We are currently balancing above that price in the Globex session. Yesterday also marked the first day in 120 days the market closed below the 200 day moving average. Trade well. HAGW!
Thanks for the excellent write ups. How do you determine how long to go back in time when you create your weekly plans? As the week before the 4415 point was lower again as we were in an uptrend at the time.
Just wondering how much weight to point on this price as an extreme weekly low.
Guys be aware of those aggressive negative deltas below 4400
Great play today. I had long before the open, and after it was shorts only. Thank you, buddy.
Tks for the writeup Smash. I would be keeping an eye on 4370. Yesterdays action filled a previously unfilled gap from June 2. We are currently balancing above that price in the Globex session. Yesterday also marked the first day in 120 days the market closed below the 200 day moving average. Trade well. HAGW!
Hi Smashelito,
Thanks for the excellent write ups. How do you determine how long to go back in time when you create your weekly plans? As the week before the 4415 point was lower again as we were in an uptrend at the time.
Just wondering how much weight to point on this price as an extreme weekly low.
I was long looking at that during L and M period but the rally never happened