Measuring a consistent downward trend on the 15min Looking to open a position at low 7's w/ a tight stop..
Been watching gas closely, personally, I am bullish, but the four hour chart looks like a bear flag is in the making. Hard to tell really... I will see if the range holds before starting any new positions
I want a to see a spike before shorting Red lines are my entries and stop loss areas for shorts/longs Blue lines down show possible channel forming down Brown dotted line up shows possible bullish trend line forming
Any takers? I've been looking for trouble, make it double. Short term bullish
Watching the top line for a double test sell off or a pop
SPX on thin ice, all eyes on oil and China not much else we can do, I am hoping for one last pop to 205 before everything sinks, but we might just get to 202 : /
I am watching my gray trend line closely, expecting a temporary pull back to 2.06 at least. The shaded area's double as my sell/buy points, so anything outside will be traded accordingly. I have another chart on my page that explains my longer term view on natty gas, but for now I am a bit bearish.
I'm trying a new strategy this year... Waiting for the RSI to hit the lower numbers before buying... I am almost 69% positive the market is going into bear territory, but I could be completely wrong and we could just be consolidating horizontally? I had to return my crystal ball last year, so I am just sticking to the charts this year.
Looking for a close about 2.06 to confirm momentum
The commodity crash we are seeing today is pretty scary... In regards to Natural gas, next support level is in the low 1's, so I am hoping the recent low holds
Looking for a resumption of trend line or at least another test. Short term bullish
Waiting for better positioning, but this is looking like an overall great short