Carl, U still bullish after 10-11 wk run? We haven't retraced the 38.2 yet but there is so much negative news about the econ. housing, jobs, 5.7% decline today, inflation, etcc you name it doesn't sound positive does it?
Kacey,normally that pattern should hold the low in your range,but there are probably a lot of stops under 878 and if there is time they will get hit.lol,Paul
I can't see intraday volume, but it feels like we're into the Summer Friday afternoons. Slim pickings.
ReplyDeleteCarl, U still bullish after 10-11 wk run? We haven't retraced the 38.2 yet but there is so much negative news about the econ. housing, jobs, 5.7% decline today, inflation, etcc you name it doesn't sound positive does it?
ReplyDeleteYou expect a pull back here? before a summer run?
thanks,
Jack
One tough day Carl
ReplyDeleterest up over the weekend
Brent
Hi Carl,
ReplyDeleteFirst time commenting on your blog.
You said: I estimate that today’s day session range will be 905-925. The e-minis are on their way into the 950-80 zone.
Amazing foresight. Thank you for sharing.
Oops, program trader gotcha-time; have a good weekend, Carl. I check your blog daily.
ReplyDeleteLooks like EOM window dressing at work to me, Monday should be bullish.
ReplyDeleteStill 2 turn dates for next week,monday and friday,this triangle should have 1 more leg down then break up hard.Paul
ReplyDeletePaul, i agree. One more leg to complete the triangle. My estimate 880-890. Do you see a break below 880?
ReplyDeleteKacey,normally that pattern should hold the low in your range,but there are probably a lot of stops under 878 and if there is time they will get hit.lol,Paul
ReplyDelete