We have been short TLT, and now want to try and get short the Sept Treasury Bonds on a bounce tomorrow. We want to offer to sell short at 173’14”.
If filled, Use a buy stop at 174’14”. Following is the daily chart showing what we think is a downtrend beginning with todays sharp selloff. The Technometer registered an overbought reading yesterday.
Below is the 5 minute chart showing in RED where we want to sell if we get a rally tomorrow.
We have been short TLT, and added a short in September Treasury Bonds at 173’14” Thursday. With Fridays selloff we have lowered our buy stop…
The Wyckoff Wave spent last week working higher, then succumbed to major selling to end the week. Volume increased some on the selloff. I was…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
The Wyckoff Wave traded sharply lower for the holiday shortened week. Volume was near average. We had mentioned that we would like the Wyckoff Wave…
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