Looking across the board the strength seems to have died a little. So let’s just get rid of the rest of this Ebay position. Going to cut the second half for a lose at 31.42.
Below we see a 3 min chart of the ym showing us turn below the 13 MA with decent volume. A sign that we might see a decent pullback coming here on the day. I am not thinkinng shorts yet tho without getting intrest below 12885. So for now we are flat.
Categories: learning to trade · stock market ideas · ym
Tagged: DOW, Ebay Trade, stock market
Sorry to get to this so late. I t’s harder then one would think trying to trade and then try to find a second to write. Anyway we had a nice long setup in the last hour. You can see that I wanted to stay bearish till we broke the 12750 in the in the dow. Well we did whcih was my soft signal long. The next area I outlined in the blue box on the chart below. We had the 61.8 retrace of the days range and the opening price again sitting at the same level. Same as yesterday at almost the same time of day. So a break above and price action confirming the bulls was a long signal. If your in this trade we just hit12859 which was an untouched poc above us. I would expect a pullback here.
Categories: learning to trade · stock market ideas · tradethemarkets · trading the dow · ym
Tagged: DOW, stock market
