Well I definitely fell for that bear trap
Maybe even a green day at this rate
Yeah or I guess this could be a pump ready for tomorrow.
I was expecting a drop really. Especially coupled with the PPI update
That makes sense too. Agreed, which is why I said "trying". I think there were spikes but they just didnt capture enough peoples attention.
I would say the rise last night was the pump though. I don't think this current drop is to lower the prices ready for a buying frenzy at the open....
I guess they were trying to pump up the markets ready for just now.
I think a lot of people who participate in the markets don't even know how to go short or feel that going short is immoral. Not an answer to your...
Thanks! Laissez Faire mentioned it was the RTH open rather than the ETH open, which I was looking at.
Thanks. I have never really looked at RTH on its own before. I will keep an eye on it going forward.
I thought the week opened around 3593?
I thought the entire week was pushing higher for a big reversal today
Looks like it will stop on 3900 dead on
I wonder who plans to go long at this point before the weekend? Perhaps we will see a drop in the next 30 mins
Short now instead
Agreed, this is just a short term trade ready to go short again.
Going long NQ with a tight stop here. The 4 hours is oversold and has slowed down a bit. I will use the ES level 3862 as a stop.
Its that inverse head and shoulders that makes me think long, but still in the short camp for now.
Queen
Feels like the weekly has gone down quite fast, so I reckon a sideways week would make sense next. Straight down after that seems a bit too...
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