I don’t know the answer, but will keep an eye on certain levels in the major indices and manage risk to trade another day. Everyone, including the bulls, have been calling for a pullback and it’s healthy to have pullbacks. Problem is that if you don’t know the difference between a pullback or trend reversal
Narrow Bollinger Bands
I love earnings season and it starts Monday so I’m busy looking at charts and chains. One of my favorite scans is looking for stocks that are in a narrow bollinger band and looking for a catalyst to break them out. Earnings are a perfect time to enter trades that profit from moves in stocks