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aussiebear

World Stock Markets Trading Discussion - Jerky joystick

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3 day cycle projection 2829-32. 

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2 day cycle projection 2831

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Thanks! I'm personally agnostic at this point. It is common to see a month end ramp and also common for an up bias on Fed announcement days. So I think we'll see next week which way we are headed next. To me this is just range bound trading. But I just can't imagine in my little brain that this market has anticipated the impact of 25% 200 billion dollar tariffs on China and the blow back that will follow. So I'm flat until I see a direction. I do have some low ball limit orders out for single stocks just in case a few decide to dump some morning but that's just looking for a lucky buying opportunity.

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Trend resistance 2827 needs to be cleared. 

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Liquidity is one of those things that can be misunderstood.

We've seen stocks flow up on very low volume for months.  We've seen massive volumes on drops.

 

I say follow price.

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Shorted ES at 2820.25.

Stop above 2831.

 

Trade safe.

 

Covered half at 2815.25 for +5.

Fed coming up this afternoon...going to stay light.

 

Moving stop for rest to 2827.

 

Trade safe. 

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Covered half at 2815.25 for +5.

Fed coming up this afternoon...going to stay light.

 

Moving stop for rest to 2827.

 

Trade safe. 

 

The Madness is unstoppable!

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Nice little failure to clear resistance leads to potential downturn in 5 day cycle. 5 day cycle projection has been pulled down to 2829, with 5 day cycle oscillator not yet on sell signal.  2 day cycle projection downside 2810. 

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Support line at 2812

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5 day cycle projection drops to 2827. Hourly high was close enough for gummit work. 

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The Madness is unstoppable!

Thanks!

Clean short setup this morning at 2820-2823 area with clear defined risk (stop above 2830).

Nothing magical really.

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