March 24 - The rare gap and go day

Let runners run and nothing else....

Been an incredible few weeks since the 5559.75 low March 13th.

I screamed to the roof top that this was an oversell over nearly 11% since the Feb 20, selloff point. I started talking about it a day early actually and conceded March 10th, I was a bit early. We were’nt getting passed the 2nd level resistance and we really we struggling to make the new highs required.

I noted this in my good Friend

Le Shrub

’s Shrubstack in early March this selloff was losing steam and was the pendulum was about to swing. March 7th I noted:

Divergence occurs when we have a lower low in price but the indicator, in this case RSI, isn’t able to create a new low. The end result is positive divergence. This is also explained in detail as a core component in our core strategy here.

Divergence is the first sign we get that the trend may be ending. As we hit weekly demand, we waiting for a new high to be in place

March 10 as I was pounding the table to buy…

While I was a little early, buying and selling, I bought, sold, an hit T1 multiple times as we attempted to get into a solid position.