Some time soon, it is going to stop bouncing! That is a warning, not tongue in cheek. I noted in the last post that if D1 got taken out with an oversold SMI, it would come back sharpish and that is what is happening thus far. It has got to hold but once it does, then D2 or at least in that direction with less reason to keep turning back, me thinks. The SMI forecaster on the 2min chart shows top around about 4pm, so maybe messy correction here for a bit. I am topping up shorts on spike up to D1 and hope for bombs away.
Hoping for a diagonal into the close of the strike down to move my stops behind, but would like to see a decisive 3rd down first!
No comments:
Post a Comment