We have a Sym Valley Broken Sequence on the Daily today...That chart was provided a few days ago. I expect a reversal off of today's High on the Daily. Because of the Daily Sym Valley I expected the trend traders to buy the market back after the 1230 Sym Valley sell off at what ever support mechanism could be found. How much higher will they go, who knows? But I think we are close to ceilings for this rally. We have a Sym Peak Broken Sequence at 1500.
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Tomorrow's Chart Today-Part 2
- Thread starter interdim
- Start date
I thought they might end up closing at or near the 1230 High of 2059.75. It got there and of course it was bought back, but we still have time. 1600 Q Valley set up the 1530 High and that is when some covered and started selling. 1500 Sym Peak was a classic continuance as they sold it off but it was bought back too on the 1500 bar. Our Daily Bollinger Band Moving Average is not far away.
You can see the turn was made at 830 on the Sym Valley. Now will it hold through the morning
opening and continue up? Will the market break 2062.50, then follow through and continue down, or will that be an area where buying kicks in again if they get there? When trades are made always protect yourself. We are in a Q Peak at the moment which may cause the market to reverse and go back down, that is why I play the various scenario's in my mind to avoid losses and make money.
opening and continue up? Will the market break 2062.50, then follow through and continue down, or will that be an area where buying kicks in again if they get there? When trades are made always protect yourself. We are in a Q Peak at the moment which may cause the market to reverse and go back down, that is why I play the various scenario's in my mind to avoid losses and make money.