The ACD Method
- Thread starter sbrowne126
- Start date
Bonds breaking out. Euro came in nicely off the failed A up overnight to make a solid A down.
GS remains very strong. Nice 10 pts in follow through this month after the monthly A up.
During all the up move this month a very common theme was market attempts to move lower in the morning and is rejected, and reverses and goes higher rest of the day. I mean tries to take out lows of prior days and fails.
I kept thinking to myself I need to see this pattern reverse before I start to think a pullback is happening.
Both Thursday and today, the market attempts to go higher first thing and reverses sharply lower.
Is the market sending a message here? I really don't know and wonder what others think of this.
EDIT - also add ES made A downs both of these two days and it hadn't made an A down in over a month. Only A's in January were a few A ups.
I kept thinking to myself I need to see this pattern reverse before I start to think a pullback is happening.
Both Thursday and today, the market attempts to go higher first thing and reverses sharply lower.
Is the market sending a message here? I really don't know and wonder what others think of this.
EDIT - also add ES made A downs both of these two days and it hadn't made an A down in over a month. Only A's in January were a few A ups.
Hmm....interesting. Very interesting.
