Market consolidating at this moment

I’m a minnow… sometime I have the knowledge of a dolphin.

sea dark glistening light

Take the path of least Resistance, which is up.

Hi Brian,

Since market

1. Range 1,007.37 - 1,025.93 took out prior aug 7th high 1018 ( called 19 days before it happen by Patrick Hughes)
   

above rising 50 dma innocent til proven guilty
but more cautious when below declining 5dma (30min can be more important)

1. 
   
2. doesn't this mean buy on the dips

no, it means buy AFTER dips once the mkt has shown stability

1. 
   
2. Doesn't FRE and FNM look like a setup going up more?

probably

1. 
   
2. would you sell now or let FNM go to 1.32 and FRE to 2

raise stops, maybe scale out

1. 
   

UNG making a nice turn ( guilty until proven innocent.)

1. UNG making a nice turn, good advice is buy small amounts as it goes down and hold for a year. Moise

2. 
   

   VXZ went all the way to 82 the cleaned up to 85.46

   Vix had a divergence against the trins

   Be careful consolidation will go one way or another

   Will they swing higher low on the good news?

best regards,