I think we have the potential for a wild up and down night so I want to wait to post the midweek update for tomorrow morning. We are currently bullish divergent on small intraday timeframes but in the last hour a lot of weakness showed up. A few hourly timeframes are also bearish divergence with weakness. Basically, I think we’ve got some whipsaw action coming overnight, potentially into failure and that just doesn’t make for pretty charting or intraday trading. These are intraday ranges so I’m not expecting massive fallout. I’m speculating the ceiling we just failed and the next lower floor is a decent range for the night either way. The morning may bring a better picture.
Side note, since it’s a reintroduction week I’ll make all the paid content posts free for everyone this week so you can get a feel for what is on the other side and decide if you want to upgrade your subscription.
Tomorrow morning I’ll post the midweek update.
Thursday evening I’ve got a video about differnt oscillators and why maybe you shouldn’t use some of them. Drop me a comment with your most-used default tradingview oscillators and I’ll include it in the video. It’s even better for review if you use more than one at a time.
Friday is the update to the custom Fear and Greed Index, dubbed the Smurf Sentiment Index.
Saturday I’ll host another special recorded zoom. If you didn’t add a comment for the oscillator video add a comment with a question or two and I’ll address as many as I can if you DID add an oscillator, that’s ok, you can include a question for this too. I’m aiming for not over an hour in the session.
Sunday will be the regular weekly market update.
See you in the morning. Thanks.
@theprivacysmurf
Bollinger Bands, RSI, and a lot of eyeballing those S/R points, keeping in mind the theory of mean reversion.
Hello and thank you for making this week public! I’m new to trading so I’m really looking forward to your posts. I currently use stochrsi, FMI and bollinger bands.