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JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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There's a good chance this is 'it', the big fall that the professional investors have been calling for ('the most hated rally ever', i.e. the rally that retail investors made money on) 

 

Wall Street sh!ts a brick

1524268112_WallStreet_20200723_20_33.thumb.png.b9d31205fb7a3e9948ac950eec496838.png

Edited by dmedin
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One of the uses of moving averages is that it takes time for the momentum to dissipate (unless it is a V top or bottom). First the 9 min or 20 min moving average is breached and then there may be a retracement back towards the lows. Then the 100 minute moving average is tested and may fail to breach it giving another higher low and so on.

 

SPX500M1.jpg.41d400452d017cfb14ce5fd90d121ba1.jpg 

 

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15 minutes ago, dmedin said:

There's a good chance this is 'it', the big fall that the professional investors have been calling for ('the most hated rally ever', i.e. the rally that retail investors made money on) 

 

Wall Street sh!ts a brick

1524268112_WallStreet_20200723_20_33.thumb.png.b9d31205fb7a3e9948ac950eec496838.png

I don’t really care so long as it doesn’t do what the Dax did mid-week.

GER30H1.jpg.93a2f96534dcea72efe4cb7092fb1011.jpg

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Think twice before shorting the U.S. indices

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Futures indicate the S&P 500 to open lower and down marginally for the week, which has been quite a volatile one. Monday’s aggressive rally at the close was countered by a sharp reversal in the last hour of trade on Tuesday before the uptrend resumed to take the broad market to its best level since February. What we are seeing is a slow grind and lots of indecision, which could be the hallmark of the next 6 months with a largely sideways but volatile market. 

 

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