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We are still above the support line. I call it the short term bottom for this week.
We are still above the support line
I am long a small contract tonight to check the water again. VIX tell we are near to the temp bottom.
Vix show we are close to a temp bottom soon.
I bought ES last night, a little scary, today it went up. But how many days can this open low and then up continue? My feeling this bottom process may take much longer than anyone expected, and the last 3 days of the bottom may look like big crash to wash out longs and suck in shorts, then the quick up run for the Chrismas/Thanksgiving rally.
A strong day!
Ready for pop next week!?
off the down channel.
See the divergence of Trix and Fisher
There are still some support lines there, though the major neckline is broken!
It's back to the down channel
Will there be a real pop tomorrow?
See it touches the support lines and bounce back. The more days we consolidate here, the more likely we will see a new all time high in the weeks coming.
bottom? or break down?
I call it a short term bottom today