Still with-in Downward Channel

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Oct 10, 2013 2:40 PM

Until we see a solid top-line break volume and everything, I'm not going long on this gap. (even after yesterdays doji)

Comments

kzootrader

⋅ Oct 11, 2013 5:58 PM

Can you please share the meaning of that 'doji.' Not sure I'm seeing it right. Thx

jrolfsen

⋅ Oct 11, 2013 10:37 PM

Sorry I didn't specify - I meant the daily chart:

jrolfsen

⋅ Oct 12, 2013 12:33 AM

Also, here's a Dragofly Doji on the 4hr chart:

kzootrader

⋅ Oct 10, 2013 11:19 PM

agreed but its a tough sell.

jrolfsen

⋅ Oct 11, 2013 5:30 PM

Agreed, you should have been out of any short position already though from the prior day's doji.