I honestly thought we'd get a better pullback than we did last night in the futures. Obviously that didn't play out and right when I went to bed, the futures started selling off.
Now...I'm an Elliott wave trader by trade, so I use that lens to view the technical aspects of charts.
What I can see here is that we may be looking at another bloody day tomorrow (02/26), however we need to keep an eye on the open tomorrow. IF we get some sustained buying tomorrow, it will indicate that we're in for a larger pullback up to ~3250. IF we continue to have selling tomorrow, I would target that next support line for a buying entry.
Know that we will probably get a large pullback up eventually, whether that is tomorrow or the next day. It's a bit hard to time with all of the mania around the virus going on.
Honestly right now I'm focusing on gold and silver, and some good tech plays for long term calls as these prices go down.
Good Luck My Friends!
Now...I'm an Elliott wave trader by trade, so I use that lens to view the technical aspects of charts.
What I can see here is that we may be looking at another bloody day tomorrow (02/26), however we need to keep an eye on the open tomorrow. IF we get some sustained buying tomorrow, it will indicate that we're in for a larger pullback up to ~3250. IF we continue to have selling tomorrow, I would target that next support line for a buying entry.
Know that we will probably get a large pullback up eventually, whether that is tomorrow or the next day. It's a bit hard to time with all of the mania around the virus going on.
Honestly right now I'm focusing on gold and silver, and some good tech plays for long term calls as these prices go down.
Good Luck My Friends!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.