4:52pm
today is a trend day and again the MAD. VIX closes in green.
2:02pm
enter some shorts here. if this is A-B-C structure as drawn, this is close to the extreme; if June-23 to today is an irregular A-B-C correction, we will have pullback and then a final wave 5. I gave scenario very little consideration in the past two weeks; even it comes true, it’s very rare based on wave 2 to wave 1 time ratio.
11:59am
previous high is the key to watch. my midterm view has not changed. today should be the top of this rally.
9:27am
future is indicating a big gap up. let’s see if gap get filled or new high within one hour. today is the reversal day to me.
1:41am
I know quite some bears are pissed off today. market keeps edging higher at critical resistance levels. But just remember how many feel regret last week when they do not have chance to enter short above 900 levels. Now 900 level is back, so you dare to add or not? :)
set your stop while, reenter at each pop up. this is how a good trader trades in a bear market.
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