Interesting, we must have different definitions for trends. I'm going off old fashioned Dow theory and price position with respect to channel boundaries. What method are you using, if you don't mind sharing?
Here is a wave count of the down burst, for entertainment value. I didn't expect the C wave so quickly and began buying at just below 68 :eek: Probably will add a few more upon confirmation of the DB / HL tomorrow.
using the all hours, notice the highs.lows don't line up with nip,cleav,ledges, thats because the volume at night is useless when mixed with day,and volume is where the stuck ,previous shorts and longs are parking ordersCan you post a es chart from the 1/28 high trendline coming through to todays high ?
using the all hours, notice the highs.lows don't line up with nip,cleav,ledges, thats because the volume at night is useless when mixed with day,and volume is where the stuck ,previous shorts and longs are parking orders
QQQ at 85.88. My models are telling me to get out of longs, and to start trading the short side.
trendie break
Good eyes ammo...maybe a nice pump and dump into nfp. Heard rumor is 300k versus 280k expected. Makes no sense to me. Office I work in is not hiring like they were last year. Not to mention weather and first month of the hear.