ST trend: neutral On Friday we were noting that the ST trend was down, with potential bottoming attempt, as we had an unconfirmed low on FGSI and buyers were attempting to bounce from that area. We mentioned danny and 400bar MA as being important near term, while ML test being the "real test". Buyers did […]
ST trend: down (with potential bottom attempt shaping up) Yesterday we were noting that the ST trend was down, with a bounce attempt, as buyers had put in another unconfirmed low pattern and bounced off there, but putting in bearish EE. We mentioned that ML remains a key level and key it was, as it […]
ST Trend: neutral (potential ST bounce underway) On Friday we were noting that the ST trend was down, with potential bottoming attempt, as price kept making lower lows after losing ML and despite hitting extreme pessimism on FGSI several times. We did mention that once danny gave way the bottoming attempt would be confirmed and […]
ST trend: down (with potential bottoming attempt) Yesterday we were noting that the ST trend was up as sellers were inefficient via FGSI, buyers had won back ML and FGSI was refusing to move to extreme optimism. We mentioned " there is a lot of room on FGSI to push prices higher before it reaches extreme […]
ST trend: up Yesterday we were noting that the ST trend was up with potential pullback starting as FGSI was coming back from extreme optimism and was showing unconfirmed highs. We did get a few whipsaws, then a proper pullback into a ML back-test before continuing back higher. We also warned that due to FOMC […]
ST trend: down On Friday we were noting that the ST trend was down, as the market continued to act weak. We also warned that "Large bounces are possible, but are likely to be good selling opportunities, while attempting to buy dips is extra risky. Dust should settle after OPEX, so the timing window for […]
ST trend: down Yesterday we were noting that the ST trend was neutral as price was testing ML, so it was decision time. Breakout would get an up squeeze while rejection would lead to immediate downside. We did get the breakout and a large up squeeze right into macro-ML. However, as we warned yesterday "Ultimately, […]
ST Trend: down (with bounce attempt ongoing) Friday saw large whipsaws in both directions. After a decently large gap down (30+ points), buyers stepped in and managed to fill the gap. Then the opening low was tested and finally broken, after which the last 2h of the session saw the "usual" late Friday ramp to […]
ST Trend: down (with potential bottoming attempt) On Friday we were mentioning that the ST trend was neutral, as both sides were inefficient via FGSI. We did note that as long as ML and macro-ML are above price, sellers retain an edge and that proved to be true. The bullish EE on FGSI with FGSI […]
ST trend: up (with pullback in progress) First off: Happy New Year! Welcome to 2022! On Friday we were mentioning that the ST trend was down, with potential bottoming attempt. The market had finally broken the 4770 support and fell to macro-ML quickly after that (as warned it would happen if ML and 4770 would […]