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Wednesday, July 8, 2015

Skipped YANG purchase near close

As the market neared close, I noted that the graveyard cross I showed you earlier today suddenly changed into a white candle after a gap up, which showed strength in this reverse ETF:

You can see that yes, there is a double reverse hammer configuration happening, but todays candle has too much of a gap up and the gap up from yesterday and the white candle tells me that China is going to continue blowing off in the market tomorrow. I think their crisis got priced into the market today for us however. We will see what tomorrow will bring.

Tradinginsider

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