Random Walk Bearsish Break Back Into the Triangle
S+P 500 Futures MESU gapped down on Sunday evening
in turn nullifying last weeks bullish late breakout "Above the Triangle".
This kind of technical breakdown back into the pattern
simply conflicts the longer term uptrend ( See Chart)
One key feature of trading patterns like this is the continual "chop,"
the back and forth moves inside the larger price indecision pattern.
No one gains a clear price advantage.
Put simply,when that occurs, neither the bulls nor the bears are satisfied with their slice of the pie.
When markets satisfy no one completely,and frustration levels grow inside the market,traders often get frustrated
and the end result in turn is usually won by those who can simply hang on the longest,.. until the true deciding event occurs.
Kinda like pulling up a lawn chair a couple hundred miles out from the hurricane
currently churning in the Atlantic,and trying to figure out where it;s going to go next.
They don't call it the random walk for nothing.
THE_UNWIND
9/2/19
NEW YORK
in turn nullifying last weeks bullish late breakout "Above the Triangle".
This kind of technical breakdown back into the pattern
simply conflicts the longer term uptrend ( See Chart)
One key feature of trading patterns like this is the continual "chop,"
the back and forth moves inside the larger price indecision pattern.
No one gains a clear price advantage.
Put simply,when that occurs, neither the bulls nor the bears are satisfied with their slice of the pie.
When markets satisfy no one completely,and frustration levels grow inside the market,traders often get frustrated
and the end result in turn is usually won by those who can simply hang on the longest,.. until the true deciding event occurs.
Kinda like pulling up a lawn chair a couple hundred miles out from the hurricane
currently churning in the Atlantic,and trying to figure out where it;s going to go next.
They don't call it the random walk for nothing.
THE_UNWIND
9/2/19
NEW YORK