Originally Posted by
shawn_molodow
Hi Billy,
I guess if we hold above YR1=85.68, we have a very strong bias is to the upside towards the next major cluster. We are past daily R3=85.62, so the daily levels for confirmation don't seem to apply.
Do you agree with the saying "From failed moves comes fast moves?" I heard this from Brian Shannon, not sure if he is credited with the term?
I guess the real Q here is.. if we fail here intraday, do you see a bias to reverse all the way back down to the major support levels around 82.19-82.28?
I am very, very long the market right now.. both robots and individual stocks..
Thanks,
Shawn