I still smell a rally to the upside.
Yes I do!
Lets see, 1 min chart proj. to 1204-5ish, maybe 20 min. or so(give or take).Negated if we hit 1216 again of course.
oops , meant 10:44-46.
Targetting 10:54 for a long entry myself :)
Only thing bothering meis its too quick! My bread and butter 5 min %r is at73 and want it under 8, stoch. long way to go also. CHOP AROUND FOR A WHILE? Or maybe lower? WHO knows.
The shadow knows :)
Low so far at 1206 was avg.+5(1201.27 +5)
Note bounce off of 1206 11:43 one min. bar! cycle came one min. early ... would have been a great scalp buy (avg. plus 5) but my tech. just not going any where near oversold yet. THE BOYZ IN THE PITS DONT WANT TO MAKE IT TOO EASY O/N ME TODAY!
hey where'd the volume go ?
you want vol. to decline on a pullback or consolidation, and pick up on the rallies(assuming u want the market to go up!) Notice the opposite was happening last week.
Half out at 93 +19 on those...SL on rest at 1210, next target is 1174.