WOW finally will it break it? approaching critical lows.
DOW approaching hard support, it did break my critical point and therefore, significantly bearish.
LOOK AT THAT ONE WHITE SOLDIER AND HAMMER CANDLE AT SOME SUPPORT. we will watch for it to hit high target then get out!!
Major horizontal support approaching and, major sell off today. 1/4/16 I will wait for a bear trap or at least further selling till, Dow find some buyers on that weekly trend line. both major support location, and buying location.
Waiting to Get in on a BEAR CALL 114/115 JAN 16 expiration.
I like that small gap down, and i like the resistance confirming sideways market.
Moving sideways, i have an JAN 16 order for a bear call spread 141/142 Everything looks to confirm sideways movements especially the bearish engulfing candle on 12/30
I have placed order for .10 limit of this bear spread on FB. Five trading days left, high probability, Everything confirms neutral.
Broke on the 23 rd of decemeber now continuing to approach support and testing the 31..29 support Can continue higher, if so i am going to move up move stop.
Looks like it is following the upward trend channel or can continue on to support.
Potentially could move sideways till hits the trend line. of can continue higher highs.
12/20/15 WOW at a critical level # 1 in the market, head and shoulders shaping up and waiting to see if confirms!! if so then can rock it down to a WEEKLY trend lines support next critical #2 it can can overall be shaping into triangle, more sideways for now,
Vix is approaching resistance, that can have an inverse effect on the Dow Jones. If the vix continue to make higher highs. The price on the Dow could significantly fall.
12/11 we had a significant turn downward and a break from a channel on the VIX. We now shouldbe aware of some cautious and lows that must hold in order to have a neutral view.
Want strong volume Long term moving average are crossing Adx is low ready to move.