Cocoa is in a sweet spot, right at 25 Day MA.
I tried to pick bottom on NIB back in fall of last year. Didn't take
Now is an interesting situation on all time frames, IF:
1. Hourly is inverted H&S
2. Daily is bull flag
3. My volume profile starts really improving (its rather neutral now)
4. Dare I say 5th wave down on Daily chart?
5. 5 year chart is at some kind of long term support
I will be buying NIB above 5Wema over 28.80
Looking for it to hold 28.50. Below 27.50 is a continuation of down-trend
New Moon 14%, Solar activity on a rise - first active for few days, today Mclass flare. Sun had been flat for weeks. Increase in activity always leads to volatility in Markets, both up and down.
Monday is seasonally best day of march all around. From there its all downhill, with slight blimp on 27 and 28 on Nazdaq. After that April is positive for all stocks.
Market is incredibly thin. Where is everybody?
From Chicago's Mr Top Step
" There was always a big “to do” when it comes to the quad witching, but
the facts are the facts: It’s nothing like it used to be. The big roar
of the pit that used to have 300+ screaming locals and order fillers has
been reduced to 3 or 4 order fillers and 50 or 60 locals all waiting
for orders that almost never hit the pit. That said, we do not expect a
lot of action today. Some business in the first and last 45 minutes."
What about that POMO? Where is all that money go?... Cus its not in a stock markets, for sure