Island Reversal... potentially bearish

SimpleMeLike · Jun 15, 2020

monet said:
I wasn't one of those bears and I'm not arguing. It could go either way or take months to play out.

But if there was ever a technical signal for a large bear move, then an island reversal would be right up there. Also, $250B is a bandaid... on top of previous bandaid.

Lmfao Island Reversal hahahahahahahahahahahahaahaah

Yeah sure, island reversal Lmfao
We will see what this Island reversal do when new yearly highs is comes soon.

Island reversal Lmfao hahahahahahahahahahahahaahaah

Long and strong

Trader Curt · Jun 16, 2020

Can someone please delete this stupid thread?

SimpleMeLike · Jun 16, 2020

Trader Curt said:
Can someone please delete this stupid thread?

Lmfao hahaha hahaha that's funny.

Scataphagos · Jun 16, 2020

SimpleMeLike said:
Lmfao Island Reversal hahahahahahahahahahahahaahaah

Yeah sure, island reversal Lmfao
We will see what this Island reversal do when new yearly highs is comes soon.

Island reversal Lmfao hahahahahahahahahahahahaahaah

Long and strong

Are you high? Stumbled into some happy juice?

This doesn't sound like you.

Scataphagos · Jun 16, 2020

Well, that was sooner than I thought. The gap filled this morning and for now appears to be resisting further advance. (Could be the stimulus hopes blow right through the highs... need to be paying attention here.)

SimpleMeLike · Jun 16, 2020

Scataphagos said:
Are you high? Stumbled into some happy juice?

This doesn't sound like you.

lol hahah just having fun Scataphagos. Just having fun.

It is me.

Scataphagos · Jun 16, 2020

SimpleMeLike said:
lol hahah just having fun Scataphagos. Just having fun.

It is me.

Shame on you. Goofing on the board!

(ET can be a tough room. I sometimes "go for laugh"... usually don't get.)

SimpleMeLike · Jun 16, 2020

Scataphagos said:
Shame on you. Goofing on the board!

(ET can be a tough room. I sometimes "go for laugh"... usually don't get.)

Scataphagos,

Yes I am just messing around. I have no clue where this market is going. I just go with the trend i guess.

My focus is much more to intraday trading, 1-3 trades per day. NOW that is where the challenge begins

destriero · Jun 16, 2020

Simpleton, didn't you blow up your Fido account? Need a handout?

destriero · Jun 16, 2020

Scataphagos said:
View attachment 230595 Any technician worth his salt will recognize this formation in the ES. If the market retraces back up to fill this gap and then reverses downwards, it will potentially be a significant bearish signal for the markets.

If your view has been that this rally from March has been "just a bear market bounce", this might be an ideal place to initiate shorts.... with appropriate stop, of course. KISS, baby!

FWIW...

lol scat is down over 100 spooz and counting. GOOD CALL!