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Booming Retracement

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The rebound from Friday's carnage has stalled in the pre market, but indicators say, "Wait! There's more!"

The ES fucutures need to clear 3408 to confirm that. If they roll over below that, bears could be in charge.

In any event, the worst downtrend is broken so we're starting with muddle. 





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So, last week I got kicked off TD Amerirade. Now I'm relearning the TradeStation platform. Have most of my charts and custom studies set up. Now need to cobble together what they call "strategies" for automatic study based conditional orders. 

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I don't remember who came up with the expression "flat squeeze," but I could feel it coming this morning after my usual high fiber breakfast. 

From Zadar, Croatia, Good night, and good luck! 

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