sequence of play as per my calculation but due to strong selling pressure and all upmoves being rejected might not happen as envisioned - but ideally price should make - a new RTH low or test of RTH low, (short term chart) back to 72.00-75.00 (longer term chart play) Another new RTH low. (longer term play)
the first and third order of play is quite obvious to everyone but the second one is quite difficult task, that one would require precision reading which on days like today might be tough order. will watch.
Fairly sure this was it. I can find nothing else as the driver. https://www.scmp.com/news/china/dip...ade-war-talks-china-ready-sweeten-deal-buying
two sequence completed, first one price testing 58.00 even though the second sequence i would prefer price in the 74-76.00 region but will take the 72-75.00 initial area. third sequence needs to make a new RTH low. ( looks like a tough order lets see)
No worries! Yes, absolutely agree, hyper-sensitive. What was strange about this, was the late response to the news by the market. I got tricked into thinking the market didn't give a s#@t about it! My reasoning was for the lack of market response at the time, was due to China previously pulling a sneaky and not increasing ag imports as promised and now this time around the market wasn't getting fooled into believing this new nonsense. I'll be throwing a party when these two nations get to doing a trade deal. The sentiment changes more than I change my bloody jocks!
why do you think the sudden moves are news related, i never really understood that. if market moved more than 30-40 points within a short span of time then that would be news related, rest price is not random, it moves according to the TA. especially PA. I have observed any time price moves outside its path, then there are certain orders in play that put the price back on track. I would not call the down move @ open and the upmove @ noon news worthy moves. That is just my take on it. For me when price really moves more than 30-40 points within a short period of time that would be news related and collective forces at play to take advantage of the news.