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Dear All,
Welcome to WNER!
On Friday we talked about the coiled spring and now it looks like breaking upwards. That itself is not conclusive like it used to be years ago as now the crooks control the markets and hence we get many “false” moves. Today / tomorrow is key. If its false it needs to start heading back down tomorrow latest.
2154 remains the pesky support still and ongoing CIT is now 2163.
ES closed at 2168.25.
Awful GDP numbers made no difference other than it was bad so everything all went up together again as per the Algo’s
KTS remains on.
KTS remains on KAIS is on the cusp of turning back up. As I say tomorrow is key for this to start heading back down.
VIX is historically low (under 12) and that can be a CIT.
I remain quietly confident about a turn soon but pundits will be talking 2250/2300 next.
Lets see.
K
Plan your trade, trade your plan!
Support identified as 2163. Low was 2162.25 and then a near DDUD.
Its just completely mad still.
Plan your trade, trade your plan!
The good news is despite WNER it does not want to go SU either.
Hopefully the plan is on and we start down tomorrow.
How low it goes depends on the SYSTEMS, but with KTS still on, I am happy.
2154 remains the stubborn support to break
Plan your trade, trade your plan!
Support identified as 2163. Low was 2162.25 and then a near DDUD. Its just completely mad still.
Still in this 2060/3 area.
Whether it can get towards 2154 area by close, who knows, it is just so supported as it stands.
Crookstime coming up is when resistances mean nothing but supports remain in force lol
Plan your trade, trade your plan!
From POST1 …. KAIS has backed away now, lets see nearer close
Plan your trade, trade your plan!
KAIS back on cusp by close due to the idiotic dreaded WCB into close.
2160/3 is the new total pain in the neck support
Plan your trade, trade your plan!
We have closed with KAIS on the cusp again and ESG / SPXG combo triggering.
This could be the false move happened and now to wrong foot us ESG/SPXG has triggered.
We will know tomorrow as per POST1, its Last CHance Saloon for the Bears.
We are finally there, decision time
Plan your trade, trade your plan!
I have gone flat Oil at 40.11 for circa 720 points on the average of what I have left
Incredible instrument on the way up and down for me.
It looks like lower but as posted my target was 38-40, so I had to close.
One less instrument to worry about I suppose.
Plan your trade, trade your plan!
Shorted ftse yesterday and took 50 handles this morning.
still short ftse and spoos with other bets.
We have closed with KAIS on the cusp again and ESG / SPXG combo triggering. This could be the false move happened and now to wrong foot us ESG/SPXG has triggered. We will know tomorrow as per POST1, its Last CHance Saloon for the Bears. We are finally there, decision time
Absolutely love it. Bang on.
Now we need follow through and it to get past 2040 next (big M target from last week)
Plan your trade, trade your plan!
Low is 2141.50 so far.
I cannot post resistance yet as no idea if its still in dipster mode or SD.
If SD then 2146 is first resistance, then 2151 ish before main at 2154 now.
Plan your trade, trade your plan!
Total idiot pattern into close yet again.
It stopped at 2153, which is below 2154, so in a way good but it was still a DDUD rally from the lows.
KTS remains on which is good. KAIS has walked away from “on the cusp” so remains short.
Plan your trade, trade your plan!
Well at least a decent negative print today. A sign of things to come?
Biggish dips that they buy, rally and sell again?
I will still to the same thread still as its ongoing still with the same plan.
For now, for me, the trend is down.
KAIS says that and KTS remains on.
The danger is that Tuesday was just another one day wonder.
Overall this has to stay below 2060 now, otherwise the bears have lost.
If 2060 holds, then 2040 is the target again. Break that and the downside fun can start.
Plan your trade, trade your plan!
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