Category:YSX

Yesterday ended with a sell climax.

• 75% chance of at least 2 hours of sideways to up trading that starts by the end of the 2nd hour (11:30 ET).
• 75% chance of trading range day, with a couple of hours of sideways to down trading starting by the end of 2nd hour (i.e. profit taking). This means if the buying continues from the open, look bear reversal signal is reasonable.
  • 50% chance of follow-through selling within 1st 2 hours (11:30 ET).
  • Only 25% chance of another strong bear trend day. (But do not overlook it, 25% is not a small probability to be ignored! ⚠️ Also note the "25% chance" is only for strong bear trend day, it does NOT mean 25% chance of all bear trend day)
    • Even when there is a 2nd strong bear trend day, there is a 90% chance that there will be a pullback above the low of 2nd hour.
  • Only 10% chance of strong bull reversal day.

See also YBX.