ER2 has topped?

[lolo24ca]

Quote from lolo24ca:

it will bwe very interesting tommorow.if you look at your 5, 15 and 30 min chart the all have a Doji, meaning a possible top is near.

take a look

 

[lolo24ca]

Quote from lolo24ca:

take a look

 

[lolo24ca]

Quote from lolo24ca:

 

[tae]

you guys have convinced me.
i cleared out for a small loss and took it long for more profits.
but i still like shorts here... but i'm holding my long position for now.

 

[lolo24ca]

looking for a short between 761.4 and 761.6.....


later

 

[dealer]

So how high could we go on a short covering spike?

I think a spike to 775 is not unreasonable in the short term.

But looking out a week from here I think we'll be lower. If anything the higher we spike the lower we'll correct.

Humble chart attached.

 

[glassinc]

Quote from tae:

you guys have convinced me.
i cleared out for a small loss and took it long for more profits.
but i still like shorts here... but i'm holding my long position for now.

Oil would be a better sale up here near 66. I'm basing my trade on a 5min chart and the run it's had since last night. 65.875 was the entry and will look to exit in the 65.60 area or lower, unless stopped before then.

L8R

Kelly

 

[lolo24ca]

Quote from lolo24ca:

looking for a short between 761.4 and 761.6.....


later

alright..that didn't work!!! but still looking for a short around 763.00 and 763.6 (R2)if this doesn't work i'm done for the day

 

[tae]

nice call on that short at 763.6

 

[dealer]

ER2 looks strong relative to other indices -it's still holding above yesterday low.

In the event that other indices stabilize and recover then i think ER2 is going to rocket higher.

If the top is in place then I need to see a close below the 753-755 area. Only then would I feel confident enough to begin scaling into shorts.