12:15pm
I can not watch the market after 1pm, so i will give some clue for trading rest of the day. The best short entry would be a rebound to 20EMA on 5min chart and add position if goes to 50ema. In a trend day, these two levels usually provide very good support/resistance. turn off any momentum indicator/oscillator, overbought/oversold is not working in a trend day.
12:00pm
Some old readers should be able to recognize today’s pattern easily. gap above 1%, no fill and make lower low before 10:30, so very likely, it’s a trend day. I am looking for bears to be wild today…
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