Well, the setup and the level ( in red at first chart) I was looking for was overshot. I should have known they were going to break the range from 01-02 to 01-07 out before making their move, a fake breakout that is. But the thing is that they did that already and they also printed scary new highs at other majors. Even SPY dividend corrected made highs (see second chart below). The "shake out" phase should be over but something may still be missing before they pull the rug. That is my take today and that is what pata-faders may be interested in and use it as a funny but usually effective key to decide a trade (short in this case).
Here are some charts:
-SPY "too toppy to be a top" (bullish) .
Howdy! I know this is kinda off topic however I'd figured I'd ask. Would you be interested in exchanging links or maybe guest authoring a blog post or vice-versa? My blog discusses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you are interested feel free to shoot me an email. I look forward to hearing from you!
Howdy! I know this is kinda off topic however I'd figured I'd ask.
ReplyDeleteWould you be interested in exchanging links or maybe guest authoring a blog post or
vice-versa? My blog discusses a lot of the same subjects
as yours and I believe we could greatly benefit from each other.
If you are interested feel free to shoot me an email. I look forward to hearing from you!
Excellent blog by the way!
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