Wednesday 26 January 2021
S&P 500 with a gap opening at the top of the range on the intraday 2 hour timeframe.
So little test for you:
1. What Stage is it in on this timeframe?
2. What Wyckoff Phase of the base structure is it?
$BROS continuing it's bounce, and now through the 50 day MA, with a potential move into Phase D of the intraday base structure.
Watching to see how it reacts on the pullback within the base. i.e. will it hold the 50 day MA. As a move back below could flip it short term short.
Ethereum getting some follow through from Mondays potential Selling Climax (SC)
S&P 500 hitting resistance at the 200 day MA ahead of the fed meeting later.
I decided to go short after the fed announcement on $AFRM. Got in at 58.83 and looking for a test of Mondays low.
It is making some quick progress. So have moved my stop loss to breakeven incase we get a sudden reversal.
Update:
Covered it 55.87
This was the first new trade I'd done since going to cash on the 5th January in the short term account. A good quick 5%+ performance booster type trade.
$LCID finally breaking down too after a weak bounce from Mondays low.
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.