Today to me was a very bullish day, Event though we ended flat it was expected in front of a major economic report due out tomorrow. Still looking for new highs and tomorrow could be that catalyst. The big question is do we start to see profit taking after those highs are achieved? The video goes into detail on how the May trade can continue to grind much higher just because we are breaking out of a larger flag and the follow through out of a pattern like this has been extremely bullish. The big counter point is those recnet flag breaks have been accompanied by an oversold daily stochastic reading which is one of my Stochastic Combo set ups. That scenario is not happening and that makes be consider the break out fake out scenario. We should know a lot tomorrow. Tune in before 8;30am et to watch and see the action on www.daytradingradio.com
Also Special Announcement: Tomorrow we will have Member AngryMobOfOne (Lars) on as a guest as he took 42 points out of the $Es_F (Emini) today . I wanted to see what he looks for when taking those trades and when exiting those trades. Should be a interesting interview Paul will have him on live at Noon 12pm et
