Market Sense and Sentiment

[bbgold]

Morning Bernard,
It looks as though the dip below the Intraday SMAs yesterday and the NDX failing to move above it's 320SMA might have been the foreshadow of today. The overnight Futures dipped to near 850 and then rebounded back to resistance at 855 but the next test of 850 support near the Open failed and the market sold off to 840. The Resistance coming in at 855 would have been a Plan Short Puts signal but it happened overnight and will not be seen in the chart. The resistance at 8150 just could not be broken and that failure might have been used as a Put trigger also with the Breakout as a stop, maybe. Moving below the SMAs could have been the trigger to exit any Call trades using the Plan strategies and philosophies. Time to see now if the LOD type signals are Good and if we will get an MACD positive crossover again and move back above the SMAs.
Keep Rocking Bernard! :^)



Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!