In unsure , high mkt stress environments the worst thing you can do is watch short term charts, they will only be accurately demonstrating the stress. Notice on the 60min that it didn't take out yest lows, the blue channel is today, after a triangle contraction it expanded up and continued the up channel, close enough to the upper line to book some profit. Notice the power of the diamond is still in force on the daily. Stop on the reversal into short from the round # of 5800 is 529, the center line on the daily.
Bottom line and point of the post is that it's way too easy to make this more complicated than it really is, there is no big secret in a gold box somewhere. It's just a bunch of clowns, me included ,who don't fancy going into servatude for the man and either have the courage of their convictions or not.
Bottom line and point of the post is that it's way too easy to make this more complicated than it really is, there is no big secret in a gold box somewhere. It's just a bunch of clowns, me included ,who don't fancy going into servatude for the man and either have the courage of their convictions or not.
