DrStool Posted October 30, 2020 Report Share Posted October 30, 2020 I woke up this morning to see the ES down over 60 points from yesterday's close. I expressed my shock in a few posts at the end of yesterday's thread. had you been trading the futures from yesterday's clothes through the overnight session and into the wee hours here, wow, you could have made a lot of money! The sell signal was actually pretty obvious yesterday afternoon. I made a post in yesterday's thread calling attention to it. Admittedly I had no idea that it would lead to this kind of carnage. At one point I even doubted that it would stick at all. This market is definitely following the rules of TA but you need to trade esoteric instruments almost on a 24-hour basis to be able to take advantage completely. This is a market, not for men but for machines. Charts to follow a bit later. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 Ach! My second monitor is fried! Gotta go shopping! I'll be back, but first. They've broken the overnight downtrend and reached the area of yesterday's low, which should be resistance. Hourly oscillators are in bullish configs however. The selloff could be history by the time NY opens. Or not. IF they stay under 3265. Above that, bulls have the ball back, I think. Click to engorge. Link to comment Share on other sites More sharing options...
Jorma Posted October 30, 2020 Report Share Posted October 30, 2020 Some weird shenanigan's on FB and AMZN near the close yesterday. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 Sure enough, a mere few hours after I wrote the comments below, the overnight losses are but a distant memory. The market has cleared would-be resistance at 3255-60, and is now testing the next supposed resistance level 3275-80. Hourly indicators look kind of iffy. They actually were more bullish looking earlier this morning. Here's the latest hourly view as of 6:15 AM ET. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 Oookay. Gotta go monitor shopping. Back in a bit. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 Bought a monitor. Get back to my flat. VGA connector only. I needed HDMI, so I guess I'm working on one tiny screen today. Tomorrow is hunt for adapter day. Link to comment Share on other sites More sharing options...
BovineBagholder Posted October 30, 2020 Report Share Posted October 30, 2020 I have 3 TCL brand 4K TV's now 3 years no problems, cheap. FANG and TSLA leading todays dump, both down @5% already! Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 30, 2020 Report Share Posted October 30, 2020 2 hours ago, DrStool said: Bought a monitor. Get back to my flat. VGA connector only. I needed HDMI, so I guess I'm working on one tiny screen today. Tomorrow is hunt for adapter day. With Tea of course........😀 Link to comment Share on other sites More sharing options...
GregFokker Posted October 30, 2020 Report Share Posted October 30, 2020 😂 Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 2-3 day cycle projection 3200. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 An untradeable day. Miserable. Bleccchhh. Link to comment Share on other sites More sharing options...
DrStool Posted October 30, 2020 Author Report Share Posted October 30, 2020 Probably open down a thousand on Monday. Have a great weak end! Cha oh! Link to comment Share on other sites More sharing options...
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