Short Term Trading Member Forum

[techcharter]

Asian Markets Yawn At US Rally

Asian markets didn't pop on the strong afternoon rally in the US markets. Instead the Asian markets look like they are completing or have completed their zigzag consolidations from the last 2 days.

The AORD looks to be making a Wave 4 triangle on the intraday chart. It should finish tonight. A capitulation move to the downside the rest of the week and then a 2-3 week consolidation starting on Monday.

Those are the setups Im looking for. I'll buy QID, DXD, TWM, or SDS at the open in the morning. Next Week I'll might entertain the idea of going long.