You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ER2 has topped?
- Thread starter polpolik
- Start date
Quote from stktrdr:
You will see a bounce from these levels. 760-765 area is STRONG SUPPORT. We are buyers at current levels in anticipation of new highs next week.
yep I agree with you....i'll be long tomorrow from 767.60 ...... for those looking for an explanation why long? look at the chart below .....
good trading to you all
Attachments
Quote from stktrdr:
Our models suggest a close above 770 for today.
Hello,
Not to be sarcastic, what ones models, beliefs or studies suggest, can all be actually trumped by the reality occurring. It may change, however, isn't this what would be known as a trend day down. I'll agree the rubberband has been stretched excessively here, and is due to snap back to some extent. The question will be how far and for how long.
Do you recall the trend day up on the 18th of April, that had a 16 point move up, closing near the HOD? This is a similiar situation in reverse, is it not? One hour to the close, an over 8 point run is always possible, just how probable though.
Volume is running high, and the ER2 is at the 50ema, which has held since the beginning of the year. Do the buyers step in again and hold it, time and price will tell.
Good Luck and Good Trading Each one here!
Kelly
P.S. 2B test on the 5min and a buy in at 762.4 for a scalp, risking 1.
Our models suggest a close above 770 for today.
Hello,
Not to be sarcastic, what ones models, beliefs or studies suggest, can all be actually trumped by the reality occurring. It may change, however, isn't this what would be known as a trend day down. I'll agree the rubberband has been stretched excessively here, and is due to snap back to some extent. The question will be how far and for how long.
Do you recall the trend day up on the 18th of April, that had a 16 point move up, closing near the HOD? This is a similiar situation in reverse, is it not? One hour to the close, an over 8 point run is always possible, just how probable though.
Volume is running high, and the ER2 is at the 50ema, which has held since the beginning of the year. Do the buyers step in again and hold it, time and price will tell.
Good Luck and Good Trading Each one here!
Kelly
P.S. 2B test on the 5min and a buy in at 762.4 for a scalp, risking 1.