That was a good call to step out early. I wish I could tell you how I knew, but some things are just from experience. The 618, to me, is a strong area if you know when to expect it to be effective.


[img]https://nexusfi.com/v/ed977g.jpg[/img]

This post may be controversial, but just for fun watch this zone for a reversal. This is a 30 minute chart. We just took out the stops of the long day traders from earlier this morning, which suggests the short traders are celebrating a big victory. They may not want to let go of their profits...

[IMG]https://nexusfi.com/v/zv9r9s.jpg[/IMG]

It's hard to know where the market will go initially. It is much easier to tell how it may react after it has already made a move.

Regarding the "zone" earlier (I know, it is a wide area), we are at a "maybe" regarding volume. Wait for confirmation of a reversal. Do not even think about freight-training this market.

[img]https://nexusfi.com/v/edh8jj.jpg[/img]

I am now stepping my take up a notch from a "maybe" to a reversal watch.

[img]https://nexusfi.com/v/jfn4xp.jpg[/img]

[img]https://nexusfi.com/v/tew6se.jpg[/img]

not yet

[img]https://nexusfi.com/v/qygfwp.jpg[/img]

[img]https://nexusfi.com/v/gz8n8w.jpg[/img]

Long READY

[img]https://nexusfi.com/v/vw7j4d.jpg[/img]

[img]https://nexusfi.com/v/x3cxbw.jpg[/img]