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At this time market is pulling back, important to see how strong this pullback is. Today is election day, this is key, let´s see how market behaves.

Guess what!, looking at the extended section I see price keeps going up. The MACD / Price divergence in the daily chart was right on target, never underestimate this kind of signal.

I am just trying to figure it out different scenarios to be ready to act without to much thinking when the opportunity arises.

I wonder if price will retrace down from the next resistance level inside the blue circle. It looks like the market is trying to sync up the short and long term charts in order to resume the bullish trend. I do not know, just a thought.

Price keeps going up. Remember the MACD / Price divergence in the daily chart ?. Maybe for the short term it was right. Still in the sidelines ...

Indecision so far in the market today .... (inside blue circle)

By the way, Did not you notice this MACD / Price divergence in the daily chart ?. Could this be a bull signal ?. Let´s wait, sometimes when you catch this early bull stages the risk is greater but the reward is also great.

It is always hard to tell what a market will do. I just try to wait to read past price action, I know sometimes emotions get in the way but I try hard to wait until a clear market context is formed before taking action. Sometimes I get in to soon and I get burned.

Just looking at the market during the extended section. Just looking at the price action....

How will the US midterm elections affect the financial markets? It seems the biggest risk to markets is yet to come - the 6 November US midterm elections. That's because the balance of power in Washington has meaningful implications for domestic policy and foreign relations. This results in a...

Clear and loud.

Big drop and recovery at the close. Look inside the blue circle, we need to find out if this support area will hold, we will find out on Sunday evening. Happy weekend.

Well, price did not come down, it went up during extended section and hit my stop. This big retracement indeed was suspicious. I should have listened better, important resistant price levels were also breached previously. This painted a bull price structure in the short term inside a downtrend...

The 2750 level is a zone of resistance, if price go down below the 2700 level it will probably fall with force. On the other hand, if price breaks above the 2750 level then market probably will be looking to reach the 2780-2800 level. (MY EXPECTATIONS)

This is the trend in a longer time frame. There is a big retracement indeed. Will price come down again ?

This is an interesting entry signal for a short play inside the blue circle. The downtrend is still in place...

This could be a weakness signal inside the blue circle, we need to wait for more price action during the extended section. Maybe there is a new shorting opportunity around the corner...

Market price going up during all morning as forecasted during the extended section, it broke over some important price levels BUT the downtrend is still in place. If this is a signal for a trend change to the upside maybe there is still room for some downward movement before prices start treding...

Market is pushing price higher, still waiting for a signal to go short.