Comments on: Friday Morning Market Update 10-14-16 https://rightsideofthechart.com/friday-morning-market-update-10-14-16/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:27 +0000 hourly 1 https://wordpress.org/?v=7.0 By: rsotc https://rightsideofthechart.com/friday-morning-market-update-10-14-16/#comment-2709 Fri, 14 Oct 2016 14:37:28 +0000 http://rightsideofthechart.com/?p=173322#comment-2709 In reply to upordown.

Two of the main reasons it shorted NG this morning (beside that big wedge & prices at R1) can be found on the 60-minute chart of /NG (nat gas futures): Negative divergence + a foiled bull flag breakout. Can afford a ~6-7% drawdown on this position if it wants to run up to T2 at which point I will add to the position with stops somewhat above.

]]> By: upordown https://rightsideofthechart.com/friday-morning-market-update-10-14-16/#comment-2707 Fri, 14 Oct 2016 14:20:05 +0000 http://rightsideofthechart.com/?p=173322#comment-2707 good idea randy
ng could be a cup with handle or out of balance h and s breakout…. R2 looks like the safer short .. and where longs are probably targeting/exiting

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