I'm out as well Pata. Although it looks like we just had a significant top I'm perplexed why ES is 30 points above the AH lows.
I'm expecting a dump around the close. If it's a small dump I may buy it with the anticipation of a gap up tomorrow. If it's a large dump then it'll be obvious the bear case is still in tact.
I agree the rally was quiet surprising, I expected it to start lower. However the closing today seems bearish in my view. Price, lack of volume , lack of proper bottom, etc. What else do bears need? ... SPEED, that is the missing part IMO
Yes, very bearish indeed. We did not get the dump I anticipated by the close, but my system did produce a signal on the 4:15 EST bar. We may be in for a fun Sunday Surprise!
I'm out as well Pata. Although it looks like we just had a significant top I'm perplexed why ES is 30 points above the AH lows.
ReplyDeleteI'm expecting a dump around the close. If it's a small dump I may buy it with the anticipation of a gap up tomorrow. If it's a large dump then it'll be obvious the bear case is still in tact.
I agree the rally was quiet surprising, I expected it to start lower. However the closing today seems bearish in my view. Price, lack of volume , lack of proper bottom, etc.
ReplyDeleteWhat else do bears need? ... SPEED, that is the missing part IMO
Yes, very bearish indeed. We did not get the dump I anticipated by the close, but my system did produce a signal on the 4:15 EST bar. We may be in for a fun Sunday Surprise!
ReplyDelete