This is a great candle and opens the door to higher levels but we got to stay aware of a dead cat bounce. Beware that when the Chines celebrate their new year the bad Chinese news fades and the overnight fear fades well at least for one week....good luck
Wednesday is the big day tomorrow we could see a little bounce
Cumulated RSI2 sub 5 adding every lower close coming 3 days ..good odds
All the shitters saying oil goes to $20 bucks....at this point oil provides a great risk reward. First hurdle is the 200 daily SMAVG than the next hurdle is 61.54 is if it breaks that we get a measured move up into the 80/85 area....your risk is small with a stop at 40.02 ...never put stops @ even numbers
Accumulated RSI2 is sub 1 you have to be kidding me ....bounce time is close...exit @ 5 day SMAVG or if RSI2>65
One of our readers pointed out to us last week that the recent strong rise in the so-called CBOE SKEW index should also be counted among the various divergences that make the stock market's current advance suspect. Skew measures the perceived tail risk of the market via the pricing of out-of-the-money options. Generally, a rise in skew indicates that 'crash...
Record highs, the big guys protecting their investments in a big way now
SKEW and VIX see my previous posts