H & S; ISLAND TOP
Look out below. So fragile now. Anything will break it IMO.
Can it still get a lower high? Ofc. Who knows, bad place to be long IMO.
Indicators all stuck in the middle, anyone's guess for Friday.
Should it gap down and leave an island top, would be game over.
Can it still get a lower high? Ofc. Who knows, bad place to be long IMO.
Indicators all stuck in the middle, anyone's guess for Friday.
Should it gap down and leave an island top, would be game over.
Note
The gap at 4612 will likely fill within a week IMO. Be ready.Note
Another monster gap. Will it fade, or gap n go? Always so chancy... bad news is good news. you had to buy EOD and cross fingers all nite to catch this fgs. nuts.Note
Gaps straight back to the PRZ. Didn't try to fade this gap, might fade EOD, might not close today. Fluctuates wildly in open, pure risk IMONote
Watched the fade thinking, 'You coulda shorted this!' but it didn't close the gap before the bullup came, did flip some calls in there. Sometimes the gap up from oversold won't close right away... can't bet on it.Trade active
QQQ did close the gap finally, within 0.03c of prior close it bounced, bought the bounce, closed and now it's weak again, back at the last close. SPX still hasn't filled, DJI holding it up. Might sell more, might just hang, no clear direction. Back in cash.Note
Flipping in and out of cross-strike trades, caught some rally but it was disappointing, going to close it feels as if stuck at the 4700 resistance, just stalled. Tried power hour plays twice, made some, gave it back for a push. Unless it bulls in last quarter, nothing to be had.
Certainly looks like a short entry zone IMO, not going over the weekend though.
Note
Looks like a weak runup near EOD, worth about ten pips. IMO can't get over 4700, I'm sure they will try again Monday, might pump it and gap up over.IMO we had exhaustion gap today.
Note
Well it came up in last quarter, had some calls and closed em, even flipped a few puts around the strike, space needle came at 3:55, lol. good weekend!Note
Gosh how the damned thing fluctuates! I wonder whether it will give us a smaller H&S, 'crown' on this right shoulder?! Would not be real comfy taking longs here...
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