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for NG what price your red inner support line points to 2.68? I think 2.68 is the 10 day MA
ReplyDeleteHi bouraq, on RUT wouldnt you consider the top channel hit at EOD?
ReplyDeleteGreat Charts, as usual.
ReplyDeleteAre you still feeling any ill effects from the motorcycle accident?
Thanks. Yes I'm still on crutches until end of March. I don't have much pain but I will have physio for 3-4 months. There is still risk of complications but I try to think positive. Thanks for asking. :)
ReplyDeleteI think we just hit a resistance today at 1218 and it will start correcting from here.
ReplyDeleteIf it decides to hit the inner support it will be another lower low which wouldn't be good for the bull case.
ReplyDeleteCoffee didn't break down at the 160 level after 4,5 hits. Does that mean odds now favor a bull run? Is it safe to go long now?
ReplyDeleteYes I'm long from 159 and I will stay long with that stop loss at 159. I think the consolidation finished and it will rally from here. Long is good but be loyal to your stops. If it breaks 159 I may even short it.
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