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Passive Profits

My sister-in-law represents the apotheosis of trading genius in the past twelve years. What does she know about finance? Nothing. What does she know about charts? Zero. But she put all, and I mean all, her money into Apple, and she ha…

Plunging Neckline

It has been all downhill since I noticed the double top yesterday. Dramatic turn of events. But the ES S&P futilitures had reached their upper measured move target from the reverse head and shoulders breakout, of 4350. At that point, the trading algos all decide that they’d go no further, triggering their Sell Mortimer algos.

Now we’re at the point at 4 AM in NY that the price could drop back below the upper line of the big megaphone pattern.