TIME | ALERTS | |
14:17 | Trade #5 -- Stopped out 1672 [-2]
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13:30 | Trade #5 -- Sell 1670 -- Stop 1672
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13:29 | This is another short opportunity, but getting stopped out on the first two has shaken my confidence for the day. But there is one thing different here: 10 and 15 minute charts want to go down also.
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13:19 | Trade #4 -- Stopped out 1669.50 [-2]
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12:42 | Trade #4 Sell 1667.50
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12:41 | Trade #4 Sell 1667.50
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12:41 | Did I pick a stop that turns out to be the exact top?
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12:30 | Trade #3 -- Stopped out at 1669 [-3]
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11:44 | Trade #3 -- Sell 1666 -- Stop 1669
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11:43 | Maybe it will be 1666.
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11:35 | Now we watch for a reversal around 1668.
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11:17 | See chart. Last two trades were based on candle reversal and the market touching the top of a megaphone pattern. The market went down to the bottom of the megaphone where it found some support. It should breakout to the downside soon.
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11:05 | There is a 90% chance the market will close in the red today.
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11:04 | If you want to scalp a point or two, buy here. Should move up to 1666 before it starts down again.
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11:03 | TRADE #2 -- Sluggers OUT AT 1663 [+5]
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10:28 | Sluggers should lower stops to 1663
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10:26 | Sluggers should lower stops to 1663.5
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10:22 | Sluggers should lower stops to 1666.5
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10:21 | Trade #2 -- Scalpers out at 1666 [+2]
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10:00 | Trade #2 -- Sell 1668
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09:55 | Trade #1 -- Stopped out at 1670 [-2]
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09:33 | Trade #1 -- Sell 1668
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09:28 | 10 and 15 minute candles are suggesting a top is forming.
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09:20 | Good mornings!
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