The BBW (Bollinger Bandwidth) squeeze resolved upward but with very little momentum and already waning....a move back under the 50 hour MA (pink) could send us into a nice long liquidation
I speculate in FinTwit, a community of traders, many are forced to sit at a desk for a significant portion of their day and have back pain 🤕 ...I too struggle with this
Your hip flexors are tight and weak at end range (worst combo for muscle), here are steps to fix it 👇👩⚕️
1. Order one of these "hip circle bands" off of Amazon, there's an amazonbasics version
2. Get a "foam balance pad" , doesn't have to be a pink and you can use towel / couch pillow if you're a cheap fuck... odds are if you buy this you're more likely to do the exercises to justify the purchase
We talked about this 2 days ago...a high and tight band may resolve upward initially but it's hard to keep momentum up especially when so far from 20 & 50 dma
Below 50 hour ma (pink line) we back in balance and below 4072 sellers take control
All right, took some time to reflect on bigger picture of $ES
Imo we closed in no (wo)man's land leaving both sides🤔
There is a fairly sizeable air pocket to the downside but I personally don't like "betting" big on weakness that's so "advertised" thus I'm neutral
/n
First off let's look at $ES , it was actually on its way to a pretty decent close above the +1 std dev on weekly but it's like at 3:45 someone said "fuck that"
I've mentioned before for sellers I prefer closes above as it keeps buyers comfortable and you can shock them on OVN
In fact this weekly close was very similar to the one on Jan 29th (last day of Jan 25th week), after what was supposed to be after our "black swan" event 🙄
See the second pic for how that panned out into Friday close, Sunday open and what was a big reversal into Monday's RTH
If you have belief in a company or thesis, the best way to be exposed is with a core position. I use a funnel method where you use a couple of short and intermediate trading timeframes and "funnel" the profits to your core
1/n
Let's say you really believe in $AMD in April and want to have a decent exposure for an eventual breakout. You don't know exactly how this happens. So you allocate 1/2 of the money for this position to a core of 1000 shares and the other half to the funnel method techniques
In the next 90 days, you are able to generate 100 extra shares of AMD bringing your cost basis on the original $55k investment down to $50. As a result, when $AMD has its final shakeout you are not stopped or rattled and manage to stay in for the eventual breakout