Biggest island reversal ever

[Pekelo]

4 trading days ago we had a 50 points upgap. This morning we are looking at a same size downgap before the open. This IR should effectively signal the end of the good times...

 

[Fx-Game]

Maybe exhausted....
Maybe we will see some more up gaps before.

 

[Laissez Faire]

Could find a bottom at 3110 or 3080.

Regardless of future price development, we're way overextended here and we're due at least a retrace - top or not.

 

[Pekelo]

Closed at -5.9%

I say with this doubletop, we are done for the year. Mostly sideways and down from here...

 

[tiddlywinks]

Posted this earlier today in another thread...

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2552#post-5124454

 

[Thor]

Closed at -5.9%

I say with this doubletop, we are done for the year. Mostly sideways and down from here...

Agreed.