TIME | ALERTS | |
15:58 | Get out.
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15:32 | Trade #2 -- Scalpers out at 1547 [+2]
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14:54 | After a second look, if we drop to 1547, the 1:25 reversal was a "W" reversal.
>> see chart
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14:26 | Move that Stop to 1551.
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14:26 | In at 1549.
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14:23 | Take 1549 if you can get it.
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14:22 | Trade #2: Sell 1548 Stop 1550
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14:21 | Trade #1: Stopped out at 1549.50 [-0.50]
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14:16 | Some bullish flags appearing. Cancel order to short at 1549.50
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14:13 | 1549.75 is showing a lot of support, and the 5-min chart is moving sideways. Could be more juice to the up side. We just have to wait and see.
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14:09 | A clear reversal has occurred at the pennant apex. How big will it be????
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14:08 | Big spike in Bonds. See 5-minute chart of TLT. -- per Gordon
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14:05 | If Stopped out, short at 1549.50
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14:02 | Now 2 Doji's on the 5-minute chart. I have my short trade ready to go. Just have to click the button.
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14:01 | 10-minute chart has a clear wave 5 pattern indicating a mover down.
MIXED SIGNALS. BE NIMBLE. BE QUICK.
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13:59 | 1-minute charts is going sideways. A bullish sign.
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13:57 | The 1:25 reversal cause a sideways movement. In this case it appeared as a pennant which usually means a continuation of the previous trend.
The apex of a pennant is also a good reversal indicator. This breakout occurred so close to the apex it could keep moving higher. But don't be fooled. We need to get past the apex by 10 minutes before we'll know if it is a reversal or not.
Right now we are getting Doji's. It could be a reversal. Be prepared to flip to a short position.
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13:52 | Th longer it takes to hit the top of the channel, the higher the price will be. 1555 is possible.
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13:51 | Since the low today, the market has been in an upward channel. That means it is likely to move lower after hitting the top of the channel around the 1552 level.
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13:46 | Raise Stop to 1549.50. This could flip to the downside fast.
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13:43 | Trade #1: Buy 1550 -- Stop 1549
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13:32 | I am suspious of a "W" reversal forming. Watching.
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13:13 | We got a trend change as we come into the reversal period.
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12:32 | Reversal signal has appeared at 1:25. >> see chart
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12:13 | Watching and waiting. No signals yet today.
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10:06 | Good morning.
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