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Consolidation OR Bull Flag?

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14 COMMENTS

  1. Learn Technical Analysis with our FREE course! https://www.chartguys.com/trading-courses/7/technical-analysis?utm_source=youtube&utm_medium=social&utm_term=&utm_content=&utm_campaign=free-ta-course

    Our goal is to review and discuss the most recent price action in the market in a manner that makes it useful to you. Using Technical Analysis, we perform an in-depth review of the action in the market today and try to provide you with our analysis on current patterns, developing trends, and our take on where the market is headed.

    Our Focus includes
    – Technical Analysis
    – Trade Education
    – Trend and Pattern Analysis
    – Market Psychology – Emotional and Mental Health

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  2. I was short overnight, and then I saw SPY drop pretty quickly. I checked for headlines and saw around 10:12 that Pelosi would be landing in the next 30 minutes. We were oversold on the 5 min, so after a couple of minutes of thought I sold out of my position knowing it would go up after Pelosi landed safely. I mean is China really gonna shoot down her plane? Yeah right. After she landed around 10:40 I shorted again, but it was way too early. The algos went nuts after that. I was short overnight because the 4 hour RSI had hit 80 for a second time since Friday, so I knew a decent pullback was imminent. Now that we've had one I'm not sure about tomorrow, but I think we're going to test around 400 again in the near future and will look to go long there.

  3. Off topic but made me laugh today. I 'like' these videos immediately when I watch them daily. And it always seems to be around 170-175 others that do as well. After seeing it so often, I can't help but think it's the same 170ish people that hit the like button everyday lol

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