ES1 Update for Feb 5

5 февр. 2020 г.

I didn't exactly nail the pattern, but I was close. Much larger gap today than I expected, NQ was overbought so promptly sold the gap (that is why I posted it yesterday).

Based on the bullishness, I'm expecting another melt up, but it's overbought now so I expect it to go sideways or slightly down first. Given that NDX is green again, it might just be sideways.

Not expecting a tank, but there are opportunities to short stocks. SQ, COUP, TSLA all tanked today.

5 февр. 2020 г.

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Note, the timing of the next up move may not be right, hard to predict....

5 февр. 2020 г.

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Appears to be moving sideways....

6 февр. 2020 г.

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Wow, more pumping during the off hours, this is the biggest 3 day pump I've seen in a while. I guess I didn't draw the green arrow big enough.

6 февр. 2020 г.

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Another 20 pt pump, have no idea what to say. RSI well into overbought, regain the blue channel now.

The best I can figure is that it's gonna hit the top of the mauve channel without a break.