It doesn’t have be an exact touch or breakthrough. What you do want to see is large volume on the break...not there yet.
My belief is swing longs are being trapped. Just my view. I’ve been wrong multiple times before.
I am watching the trend line like everybody else. I don’t use hard stops which is a very bad habit. For this trade if we close above 2717.5 cash I am out. Agree I was early.
Interesting... still no 5th touch and sym triangle has room to apex...may explain why volume so light.
For the record I remain short overnight...painful!
Smart move. Will be plenty of chances to get in once it resolves. I will see how things pan out today before puking my position. I normally only trade the cash mkt.
Would love to see a dump into the close but fat chance of that happening. Need to make the bulls feel confident going into weekend and give the bears some sleepless nights
I always prefer to leg in cause i never know how far the sharks will push it. Of course when i leg in agressively they bend me right over and make me sweat