Thursday 9 December 2021
$IWM with the pullback today back under the 200 day MA, its defined the top of the developing intraday Stage 1 base on the 2 hour timeframe.
$SPY holding up in the upper part of the fledgling intraday Stage 1 range. Showing strong RS compared to other areas of the market. My working theory remains that we are in a developing trading range until proven otherwise.
$VIX with only a small move today compared to what's happening in the individual stocks today. So a minor positive divergence.
$EXTR highlighted multiple times over the last month in the watchlist with strong RS today to new highs
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.