While inarguable bull markets goes on it's a buy time w/ no need of an entry reasons. That is the key conclusion from the past wednesday session.
No trades were done. But there could be one. Long position hour before the closing bell. And the main issue of the trade open could be strong bullish internals. Market environment indeed was so:
1) no $ticks below minus one thousand and three $ticks above one thousand and two hundred hour before the day finish;
2) while $spy was adding some 2 percent in the second half of the session $add have surged on two thousand points w/ nice market higher high confirmation;
3) $vold looked like crude on the daily chart at the first half of '08 - no drawdowns w/ gradual and stable pushing higher. The only difference - no huge and record, respectively, numbers;
4) and finally $trin was near zero dot three at the second half of the session.
Match this w/ leading 8 sectors of the US economy that statedly confirmed almost each market higher highs and u'll get exactly true bullish internals. On the back of this, seems that is OK to rush into a long position while it is clear that all bears attempts to strike market down were broken up.
No trades were done. But there could be one. Long position hour before the closing bell. And the main issue of the trade open could be strong bullish internals. Market environment indeed was so:
1) no $ticks below minus one thousand and three $ticks above one thousand and two hundred hour before the day finish;
2) while $spy was adding some 2 percent in the second half of the session $add have surged on two thousand points w/ nice market higher high confirmation;
3) $vold looked like crude on the daily chart at the first half of '08 - no drawdowns w/ gradual and stable pushing higher. The only difference - no huge and record, respectively, numbers;
4) and finally $trin was near zero dot three at the second half of the session.
Match this w/ leading 8 sectors of the US economy that statedly confirmed almost each market higher highs and u'll get exactly true bullish internals. On the back of this, seems that is OK to rush into a long position while it is clear that all bears attempts to strike market down were broken up.
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