Seems like a nice short here with SL above daily high: - Ascending Wedge break + pullback - Divergence on the Sto - On higher timeframes it is bearish
NVGN did a monster gap up today, and traders who positioned early walked away with a huge overnight win. The pattern to trade was a continuation pattern and the gambit was that this continuation pattern would continue. I would not chase the pattern now though.
Should the Fed do nothing to defend (devalue) the US dollar in the global currency wars, or worse, raise rates by the September 2015 Fed meeting, the economy will likely crash. Even if the Fed does nothing, the prospect of rate hikes amid a slowing US economy as we enter the weakest 6 months of the year (May - Oct) could be enough for a large correction. If the...
Outside BBands on daily, irrational exhuberance to the max. I would add a small short here, and add more on another candle outside the daily band tomorrow.