video for market outlook for /ym 10/11
Big day to see who is in charge, line is drawn around 15032. I would recommend using that as a reference. A lot of shorts have lost money today so this will be interesting to see how the bears react to today's market action.
Thursday, October 10, 2013
Tuesday, October 8, 2013
/ym for 10/9
video for market outlook for 10/9
1. Bearish action is expected, we are nearing the neckline of the head and shoulders pattern.
2. Over night TRIN trade setup has triggered, if this trade does not develop be ready for a major sell off in the morning, if it does develop I would collect profits before market open.
1. Bearish action is expected, we are nearing the neckline of the head and shoulders pattern.
2. Over night TRIN trade setup has triggered, if this trade does not develop be ready for a major sell off in the morning, if it does develop I would collect profits before market open.
Monday, October 7, 2013
/ym for 10/8
video for market outlook for /ym 10/8
1. All signs lead to a bearish day tomorrow.
2. If there is going to be any bullish action it will occur on a bounce around 14828. If this level is breached expect some heavy selling.
3. As usual keep an eye on market internals, pivots and price action around those levels.
1. All signs lead to a bearish day tomorrow.
2. If there is going to be any bullish action it will occur on a bounce around 14828. If this level is breached expect some heavy selling.
3. As usual keep an eye on market internals, pivots and price action around those levels.
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