Snapback Tuesday Wrap Up
Alright, it’s safe to loosen your seat belts and lower those tray tables again. Boy – what a session and what a contrast to yesterday’s glance into the abyss. I haven’t done a wrap up video for a little while but today I simply had to put one together as the Zero nailed this session on the head:
I concede that the divergence on the hourly took a while to form completely but that is a lesson we learned in the past. You don’t want to be too early, especially when the signal is still ticking strong in negative territory. A day or two near the zero mark is usually what I wait for – especially when volatility is sky high and panic selling is rampant.
Anyway, now you can relieve some of the scare you experienced today. Heck, I should be charging good money for this! 😉
I’ll put together a few target charts later today – now I’ll need a bit of a breather.