"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

May 11, 2015

Toppy tails

The last couple days of price action really help tell us what groups were dragged up by Friday's gap.  A few groups really stand out with notable resistance levels formed via topping tails'.

Topping tails are an unusual amount of space over a candlestick's body.  Body = open to closing price range.

Utilities, Industrials, Staples and Transports are all standing out here.





Keep an eye on these levels in the coming days and weeks!  Trade 'em well

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All ideas shown on this blog represent the authors opinion based on the data available.