Dougie Cass just tweeted
Mr.Market is strong as ten bulls. Staying bullish.
I didn't mean to go short, I just thought it would be a good time to sell some TNA that I purchased earlier for a quick trade. I'm in cash now.
I also have a pricelevel drawn in from a long time ago at 74.92 on IWM. I don't remember when it was from or how valid it is, but me being in profit territory + low volume + price level made me ask the question.
The small inside wedge is still being respected here as we got a touch and pullback. The thick purple line on the chart represents a low volume pocket on the 1-hour profile, and you can see the two previous failed demand tests from earlier today and yesterday in that area. IMO if we get another failed test of that area then we're in for a shot at the lower TL of the BIG wedge. The question is..will a break up out of the small wedge bring in enough buyers to get us over that purple line?? I need to find a friggin' keyboard with a key labeled "wedge". Sure would save me some typin'.
Damn... already have mine shaved...guess that means I'm already a winner!