Thursday, July 30, 2020 8:52:00 AM
SPX stop loss hunting continues. The Cypher pattern hit target, but the market makers are obviously accumulating shares right now.
Breakout traders trading breakouts above the resistance or break downs below the resistance are in a losing game this time.
The red and green arrows are places where you would look to go long or short and you can see that as soon as they give a break out one way or the other, they instantly reverse it and go for the stops at the blue lines.
Breakout traders trading breakouts above the resistance or break downs below the resistance are in a losing game this time.
The red and green arrows are places where you would look to go long or short and you can see that as soon as they give a break out one way or the other, they instantly reverse it and go for the stops at the blue lines.
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.
