SPX head fakes out of the consolidation range, breaks my ankles
Well, I almost played this move right, I did take some short profits at the .5 FIB (which did keep my week well in the black), but with the the huge head-fake below, (marked with the blue sad face, of course.) I got over-eager, and re-upped some shot positions well before there was a real technical reason to do so, other than "But... it's supposed to go down now, eh?" which, as trading strategies go, has left me wanting to be honest.
So now, after a few deep breaths (I find yelling curse words helps) I'm watching the hourly bollinger band, and the continually more bearish RSI patterns, and trying to make the moves inside this incessant consolidation range (very nicely inside the 61.8%-50% Fib range from the Feb tops, to the March bottom) count.
This little bear flag made a nice little trend line that the bears would be just darlings to go ahead and gap below over the weekend... really prove they can do it too...
...I'm not holding my breath.
Enjoy the weekend, y'all - Monday brings us the 20th year so far in 2020, so be on the lookout for whatever voodoo that brings. (I think years normally have one year... but I double checked, and I'm pretty sure my math works out.)
So now, after a few deep breaths (I find yelling curse words helps) I'm watching the hourly bollinger band, and the continually more bearish RSI patterns, and trying to make the moves inside this incessant consolidation range (very nicely inside the 61.8%-50% Fib range from the Feb tops, to the March bottom) count.
This little bear flag made a nice little trend line that the bears would be just darlings to go ahead and gap below over the weekend... really prove they can do it too...
...I'm not holding my breath.
Enjoy the weekend, y'all - Monday brings us the 20th year so far in 2020, so be on the lookout for whatever voodoo that brings. (I think years normally have one year... but I double checked, and I'm pretty sure my math works out.)
