ES guesstimation, 8/3/2016

HappyMoney

Yesterday's low will be retested, if not later this week, then next week. Notice that if this Friday ES closes below 2152, that would form an outside week.

I am cautiously bearish.


补充内容 (2016-8-3 05:20 PM):
Tomorrow 7AM BOE interest rate announcement could be a market mover. Stay cautious.

qzhou3

Thanks for giving a reason for your prediction!

HappyMoney

qzhou3 发表于 2016-8-3 04:48 PM
Thanks for giving a reason for your prediction!

It's not a prediction. Just my guesstimation, or assumption. I could be very wrong......

novice_trader

qunzong

我是谁

鲲鹏展翅

wnd4

"that would form an outside week", what does "an outside week" mean?

Hutong9999

HappyMoney

wnd4 发表于 2016-8-3 06:44 PM
"that would form an outside week", what does "an outside week" mean?

In an uptrend, outside week means :
This week's high is higher than prior week high, and
this week's low is lower than prior week low, and
this week's close is lower than prior week low.

penn8ying

秋雨

shibainu

HappyMoney

BOE interest rate announcement pops ES. But close is more important than open. As long as ES stays below 2164, the bears are not in serious trouble.

HappyMoney

Bears need to take below 2152. Otherwise, it is still in no man's land.