2. 2Legged break UTL=DB w/ April 7 Low
3. Strong Leg up to testing 'BX'
4. Will this lead to the all-time high...? Will this be sold fiercely from test of 'BX'...?
5. The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
Should this fail, then selloff could be fierce!
UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the , and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.
23 DAYS AGO....
The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
And Indeed the bulls bought the PBs immediately.
In this update, I illustrate the tight TR=Bull flag in which we're presently. And I believe that the bulls might carry this market beyond the BX pretty soon, regarding the underlying buying pressure.
Now, if that happens, a Measured Move , based on the height of the TR would carry price way above the All-time high.
TR occuring in late trends are often times final flags. And so, I believe that the market might be shortlived above the all-time high and pullback fast into the TR once more.
Im still holding long. Stop @ 2106.6
Good buy here, if u're not in w/ me from the lows, I guess. Stop below MA Kul.
Buy Zone. Swing stop below lows.
Aggressive stop to be deermined
at a good signal for long if....
Luks buy; luks sell. Im sitting on ma hands for now
But that quick rise up also luks that was a PB for the bears
I think Yellen is speaking now
I sensed it from the disturbance in price action
Looks good enough buying pressure here.
luks gud buy here. But stop way down below
Good signal. Hence I update stop
Oh, We did....???
RISK FREE here
careful here....trend cud changewe might deep pull to MA priorbears rearing ugly heads here, I feel it....I might add to long if i see my signal
bears are present, but lacking strenth here
Stopped out on trailing stop.
No loss day ;)
54 points cummulative
Missed SPX Trade, but not too late. If I get signal soon, I'll update. Lest better push it to NYT
But possible wedge bottom
Could be shortlived = managing stop nowNO TPIm out for coffee. brb
Moving stops down.
This is what we live for!
It pays to always hang in there, when it seems nothing is going on
Good night, all
Tis amazing what a tiny DT can do!
Am I glad i exited earlier long....??? No bear trend though. I still think that Buy Mode Activated
My internet goes off, and i miss the sweet long that was.
DB wud be great
Staying aside for now
Expecting bounce here, but that wud be lot of hard work from the bulls
MM target overspill
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Turn to NAKED TRADING ROOM todai, and lets have fun!