The S&P 500 will top at 3250
- Thread starter volente_00
- Start date
My next reversal zones
3075
3025
3075
3025
Still long ?
I didn't say little directional price movement. I said substantially less return.
89% of yesterdays (2/25/20) 4.25 million volume produced 63% of yesterdays(2/25/20) range.
That is a 37% haircut on return while still running extreme volume levels. Selling was being absorbed, rather than pressing.
A reminder, we are talking about a DAILY ES chart.
FWIW... here's a quicky daily chart with some stuff on it.
https://www.tradingview.com/x/e76t6Emj/
Trading 3075 for a long
Objective 1 is 3109
Objective 1 is 3109
short term bull strength may be sold into
on the weekly though history of sharp falls have shown recovery and highs in about 4-8 weeks
on the weekly though history of sharp falls have shown recovery and highs in about 4-8 weeks
quite frankly this fall looks more like a shakeout …...than a huge distribution.
it was likely that no one was buying the highs so lack of liquidity made the market look below.
be that as it may HTF is this market to be traded?.
EDIT
I keep reminding myself that the market will always tempt you with a thousand Ferraris with a 1000 virgins in them, if and only if ,you sell low and buy high.
I almost got my hands on those a thousand times
it was likely that no one was buying the highs so lack of liquidity made the market look below.
be that as it may HTF is this market to be traded?.
EDIT
I keep reminding myself that the market will always tempt you with a thousand Ferraris with a 1000 virgins in them, if and only if ,you sell low and buy high.
I almost got my hands on those a thousand times
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