Breakout with strong bull bar then it'd be uptrend day. Personally I don't believe today would be an uptrend day, the hourly is overbought should be a pullback within a couple of hours $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=286685#p286685
For now it's a typical 10 o'clock OR breakout then kiss OR goodbye, so looking good for bulls but again a red hourly bar is needed to fix the overbought which is the reason I don't want to chase today even it turns out to be an uptrend day $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=286688#p286688
As I said, don't chase the high. Now testing the day low, let's see whether it holds. RSP looks strong today which means the down now is due to a few heavy weighted stocks so my guess is it won't be a downtrend day, rather it's a range day $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=286701#p286701