Hi Tic, how long do you generally wait to see if a price level has been validated. For example, today we're looking for an open at above 4660 to be bullish...just see the open and if it continues up from there? I know this is a very rookie question. Thank you.
For those asking about the TRIN, take a look at the TRIN/Q and /NQ as compared to /ES. I think today was capped and ultimately dragged down by selling in tech. This is backed by the TICK/Q, which didn't register a reading over 265 until almost 3pm EST - that is abnormal.
I have the same question as Jay. Yesterday (Tuesday 11/9) the TRIN performed beautifully as far as a portend for where price was going. Today it basically just sat there, seemingly not in sync at all with the market. I'm a bit confused on the results of TRINs performance.
Hey Tic - can you talk about the TRIN for today's market? It bottomed around 1100 CST and then engaged in a (very) grindy climb contained by 0.8 as the market dumped about 50 points. Apart from the opening 15 minutes 1.0 was never even tickled. How would you interpret the TRIN on a day like today?
Thank you Tic Toc.
TTT - bears losing their edge today? 4660 capping for now but unable to extend lower.
How can you say bears are about to Hybernate.. bulls being still confused..corralled under 30pts of BS?
Hi Tic, how long do you generally wait to see if a price level has been validated. For example, today we're looking for an open at above 4660 to be bullish...just see the open and if it continues up from there? I know this is a very rookie question. Thank you.
I will see if it goes up 1 standard deviations (3-7 points) I have been wrong 😑
Cha ching
ty tic
TY Sir
Thanks As Always !
Todays instructions are more clear than yesterdays
Maybe it’s me but your instructions are not clear at all
Thank you
Why were bonds (TLT) down most of the day along with the market - trying to put the puzzle together
Yields go up. Bonds go down
as you've said, bulls have to recapture 4680....otherwise....more downside....
love your analysis....so much better than Twitter or Telegram but they have their place in short-term messaging
For those asking about the TRIN, take a look at the TRIN/Q and /NQ as compared to /ES. I think today was capped and ultimately dragged down by selling in tech. This is backed by the TICK/Q, which didn't register a reading over 265 until almost 3pm EST - that is abnormal.
I have the same question as Jay. Yesterday (Tuesday 11/9) the TRIN performed beautifully as far as a portend for where price was going. Today it basically just sat there, seemingly not in sync at all with the market. I'm a bit confused on the results of TRINs performance.
Thanks so much Tic🙏
Hey Tic - can you talk about the TRIN for today's market? It bottomed around 1100 CST and then engaged in a (very) grindy climb contained by 0.8 as the market dumped about 50 points. Apart from the opening 15 minutes 1.0 was never even tickled. How would you interpret the TRIN on a day like today?
(Sorry about the deleted msgs - every time I hit post nothing happened)