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NewYorker567

04/27/17 2:57 PM

#231268 RE: NetNeutral #231267

NN, don't underestimate Trump. Market moves will take no prisoners. Not that is was much different before but at least he shows his cards more. He won't care if market under him goes to 100k.

A crash or big corrections are out of the question IMHO
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risk on

04/27/17 3:07 PM

#231273 RE: NetNeutral #231267

the candles represent indecision , and when that indecision is occurring in either OB or OS , that indecision usually begets change. As far as the paint down on mondays candle, it's nothing we've not seen prior . There were several paints on big gap downs at times as well. No conspiracy , maybe some game playing , but it all even out . I'm more focused on the current change possible , because I think that can see spy back to the lower BB in short order
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imiloa

04/27/17 3:55 PM

#231299 RE: NetNeutral #231267

agreed it's an odd pattern.
flip flopping --> uncertainty.
note the red-white-red-white-red candles prior to the last 4 days.

could mean market finally toppy and ready to retrace.
or that market wants to burst higher
but first needs to shed weak hands.

only time will tell...
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TechniTrend

04/28/17 8:35 AM

#231342 RE: NetNeutral #231267

NM, good stuff

... as usual...
that triggered me to find patterns of the last 3 candles (as the forth was happening then) and found indeed only two times in the last 5 years with something similar


Good trades me friend

PS you may look in your inbox...
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Newly2b

04/28/17 12:55 PM

#231386 RE: NetNeutral #231267

My broker corrects chart data intraday, and I suspect that is why that long-legged doji candle on the 24h has the lower shadow significantly shortened on my chart:



The Gravestone Doji on the 26th (open/close 11 cents apart) followed by yet another Doji on the 27th was a perfect lead-in to today's drop (but the day is young and we may end up with yet another Doji today, who knows). As one can see on my chart, CCI began to turn down on the 24h and continues down despite that green candle on the 25th, while RSI has continued fairly flat. I put more weight on CCI than RSI because in my experience CCI tends to reflect changes in trend more quickly than does RSI. Your mileage may vary. . .

Newly