Replies to post #41914 on The TradingEdge

[jxyzobrien]

channeling down
we established value lower though
ES and the spx rejected lower prices though

the first part of the move hard 1 or A
had the most energy so now we are channeling down

so this down move really looks and feels just like an ABC down

so until we break up and out of channel short the bounce
notice when we selloff we go to 15 min RSI 30 but when we bounce
and hang around 15 min RSI 50.

just not as bearish as i thought it would be