Doctor Copper looked ominious, nearing a triangle apex, lost the triangle to the downside, and then backtested the downsloping channel....OK here is the analogy....you are hungry wolf, travelled 50 miles in search of a Caribou herd, chased something that looked like a Caribou, but was really a ranchers livestock and got shot at. Now it is late in the day, and you see an injured looked little Caribou....but you are afraid you might get shot at again....then you see the backtest. OK got it?
NKD on a massive pop upward and a pattern I call H2D2 aka bearish wedge, also ES with a 3 drives move, just popping a Fib Fan (if you ignore the afterhours time -- select after hours to be off, since that doesn't truly reflect the overall mood of traders).
All short. The moon approaches, important lines are hit, joe public is convinced the bull market runs no matter how much bad news is out there, and then some complancency / consolidating boredom days. Also some secret timing indicators, so secret I don't even know them :) j/k
That is where we ended the day. Decided to make a run at the Caribou.
