AI
Thursday, February 15, 2018 6:34:45 PM
percentages of value area
when a market opens above value its an 80% chance it will be a decent
rally. often there can be a fake out around value area. This is what
happened today.
We opened above VA had the subwave 4 fake out back into value. We then
rallied hard back above value and RSI 30 to 70. This was the script and
normal market behavior.
It was LOL to see them rally to the HOD at EOD. Major resistance 2726
was there and they just kept fighting the shorts. They finally came in with 40k buys (3rd try). This took out the shorts who piled up at es 2726
I am sure they were stunned that they got smoked.
es
when a market opens above value its an 80% chance it will be a decent
rally. often there can be a fake out around value area. This is what
happened today.
We opened above VA had the subwave 4 fake out back into value. We then
rallied hard back above value and RSI 30 to 70. This was the script and
normal market behavior.
It was LOL to see them rally to the HOD at EOD. Major resistance 2726
was there and they just kept fighting the shorts. They finally came in with 40k buys (3rd try). This took out the shorts who piled up at es 2726
I am sure they were stunned that they got smoked.
es
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
