I was expecting a rally to the market today but not to level we have seen today. The high made today has not exceeded the highs made last week, therefore the 2nd wave count (green) is still intact. Tomorrow is a cycle day, so I am seeing if markets react to it. Today an exit point would have been on an exit of the OS range in the intra-day chart of you are a swing or day trader.
We all have expectations and hopes, but often we need to realize where these expectations and hope terminate. Reap the low risk low returns, than to absorb large risk and large losses.
MT: DOWN
ST: DOWN
PA: UP
The PA is acting erratic so again, when an indicator is not in SYNC then we should just leave it be for a while till it does.
No comments:
Post a Comment