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* '''75%''' chance of trading range day, with a couple of hours ('''at least 2 hours''') of '''sideways to down''' trading starting by the end of 2nd hour (11:30 ET, i.e. profit taking). ''This means if the buying continues from the open, it is reasonable to look for reasonable short entry for [[ORVD]].'' | * '''75%''' chance of trading range day, with a couple of hours ('''at least 2 hours''') of '''sideways to down''' trading starting by the end of 2nd hour (11:30 ET, i.e. profit taking). ''This means if the buying continues from the open, it is reasonable to look for reasonable short entry for [[ORVD]].'' | ||
** '''50%''' chance of '''follow-through buying''' within '''1st 2 hours''' ( | ** '''50%''' chance of '''follow-through buying''' within '''1st 2 hours''' (11:30 ET). | ||
** '''Only 25%''' chance of another '''strong''' '''bull''' '''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''' bull trend day, it does NOT mean 25% chance of all bull trend day)'' | ** '''Only 25%''' chance of another '''strong''' '''bull''' '''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''' bull trend day, it does NOT mean 25% chance of all bull trend day)'' | ||
*** Even when there is a '''2nd strong bull''' trend day, there is a '''90%''' chance that there will be a pullback below the '''high of 2nd hour'''. | *** Even when there is a '''2nd strong bull''' trend day, there is a '''90%''' chance that there will be a pullback below the '''high of 2nd hour'''. |