Buy Those Dips

I spent most of today buying dips and selling for scalps.  I use stochastic signals on a 5-minute chart for that.  You can see the channel SSO built on the 5-minute today.  I thought they were going to run it higher, and kept holding on to some inventory.

VIX has a negative divergence here.  When it breaks down under that channel it should send the market higher.

We’re still working on higher low candles on the Nasdaq daily.  Tomorrow is a fibonacci 5 bars up, and end of the month.  I think we can get a little higher here before a healthy pullback, but will respect what the charts give me.  The market’s always correct.