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SPX Daily Up Channel with key support area lower and wedge like formation pressing down to it.

SPX Down Channel at resistance now

It is architecturing the bull trap for more lower lows next week

1683 :)

SPX weekly bearish turn, does not look good for bulls coming into October.

Re: NDX Yesterday was not an inside day and consequently today is not outside day, at least for now. Check your data.

Tomorrow has potential to be an outstanding bullish day. Opening or after-hour strength required because higher timeframes are pressing down.

Not to be a note of discord as I agree that the person you are referring to is full of it, but the same could be said about you and your stops. Either honor them or don't post them at all.

Back to gap up :D

Gap up for now...

I know exactly what it is and yes it is an indicator, it's indicating based on data. The problem lies that the patterns, although limited, can morph intraday, and this morphing will not be any faster than price itself.

It is a lagging indicator, it can't tell you when buyers overwhelm the sellers until it's obvious.

In that case.. Waiting for PA to confirm the gap is getting filled makes more sense so we can use good tools available to us like margin and leverage basing it all on a proper PA stop so you know exactly how much you can lose when wrong.

A market theory backed by technical analysis is fine, market theory without price in agreement has a higher probability of being suicidal.

Channels are like trendlines, subjective, your channel is perfect, yet DB does not see it or does not care as he sees much higher. Food for thought.

Exactly, we dont have to like what we buy, as long as it goes up.

Representation of current PA:

Emotional is quite the over-statement, I'm only offering prudent suggestions in a respectful manner. Considering new higher highs, very useful ones.

In that case, let the fundamental and the technical become harmonious.

Never understood the need to call market tops before tops actually form. Why must you be bearish before the price actually turns bearish ? For Pete's sake, not even a daily bar turn down. I thought you were a trend trader, on what timeframe, the 1 second?