What a nice day it turned out to be.

As expected in the previous post, there was a nice short entry and the decline was swift and ruthless. Actually, as shown in the chart, the Shortsale signal came in late yesterday's session. Anyway, we entered the trade soon after the opening for a nice down trip.

But just as cautioned in earlier post, it turned out to be a V-shaped Shortsale day. On a shortsale day, this kind of behaviour is telling us that the buyers are stepping in. Biggies are changing their portfolios whatever it may be. For a swing trader, it says tomorrow is important. heehe everyday is important. If there is just a small decline in the earlier session and the prices break out to the upside, then it is a Long entry. If not, .. yes, it is still in the down trend.

Tomorrow: BUY day

End of Day signal says there is a resistance. So look for an early decline, perhaps a small one, which can be another LONG entry.

Well, we don't guess tops and bottoms. Let the market decide. The Long entry at 10850 still holds. 30min CCI is around Zero line. If it penetrates north, a BUY day will be in action. Otherwise, CCI Zero Line Rejection will give us a nice short entry.