Posts by Steve Rushton

Consolidation at the recent highs or another tweezer top?
Expect the usual expiration shenanigans, but i still think we will grind higher.

Looks like we are escaping from this triangle. Monitor S1 support for confirmation.

Still working off this triangle which will most probably resolve to the upside (if T structure is correct ?) and perhaps place a high early May at say 2180.

Yesterday is a good example of keeping the stop at the close or a bit loose (eg -5 pts or more) and below mid-point, S1 etc.

Can we break out of this triangle?
Watch to see if S1 holds.

Looks like we are going up, and I have drawn a tentative T structure from the recent low of the w form to indicate its possibility. This would give us an early-mid May high in coincidence  with the 70 day high projected.

Of course that's just a possibility.

Looks like we need to test the highs again, maybe for April expiration.
Watch the bollingers.

Triangular trading, and maybe a few more days of this as the bollingers are still quite far apart.

If we get a squeeze set up and break the bollingers, then a dramatic move is on the cards.

Back to the chop. Do we need to go down again?
Ugly market conditions, maybe take a rest.