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RA
rat89
Rep: 0
Posts: 7,015
guess I'll start it this week
SI
sirios
Rep: 0
Posts: 157
Bearish W2 on SPY, bearish W2 on AAPL. It could be nice place for end of W5. They have to decide.
JI
jimkane
Rep: 3,058
Posts: 33,089
They'll most likely decide on 'up'.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's Friday, it's a raging 'bull' market, and the market just set another new high for the entire 'bull'. Not something I want to bet against.
JI
jimkane
Rep: 3,058
Posts: 33,089
Crude just had a pop up on the tick chart. Watch this, it may lead.
SI
sirios
Rep: 0
Posts: 157
I do not bet on dropping too, but it looks interesting on AAPL. The solution will probably come at the end of day.
JI
jimkane
Rep: 3,058
Posts: 33,089
Don't get me wrong, no one would love for this to drop more than me (my most fervent wish in the entire world is for S&P 400), but I just don't see the odds being good enough for this to be a good bet, until I see it give me some actual downside clues.
SI
sirios
Rep: 0
Posts: 157
Crude also shows bearish W2. I'm dreamer
.
SI
sirios
Rep: 0
Posts: 157
I understood your approach for context and I use it. I do not bet on W2 against trend on trading timeframe.

I see that AAPL has wrong time factor for potential bullish TD that's why I'm watching what can happend. And many other interesting things was happend like sell-off on GOLD and SILVER. Now, we see potential end of W5 on SPY. This all make good context for dropping. But I do not bet on it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Some real sellers in here? I just don't believe they will sustain. I can hope, but I just don't see much happening. Then again, last Sunday night GLOBEX was different. Maybe things are changing...
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the ES for a possible 4-Point right here.
SI
sirios
Rep: 0
Posts: 157
So they didn't give us a solution.