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still in range and near range low so rebound should be more likely but be careful this is the 3rd time down in the morning, if 3rd time's charm applies, then today should be bloody down and down, no more sharp reversal up like the past 2 days. Should, I don't mean it will, let's see.
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/ES support here.. may sideways all day.. big players gone.. if not lower yellow… the move is in the /CL rug pull… oil weakness / support of indexes wanes
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SPY New PBar 273.48
IWM and QQQ also posted PBars above where we are now similar to the SPY Pbar
EDIT: 271.93 PBar supported bounce yet again. Proving to be very important.
Last edited by 1der on Fri May 25, 2018 9:33 am, edited 1 time in total.
as usual, gap down means rebound at open, let's wait after bound then see what to do. likely a range day today so I'll avoid trade unless the trend becomes clear.
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/CL oils support of the indexes is now falling apart.. dollar oil correlation snaps back with a vengeance… DXY USdollar nHOW testing Dec 2017 highs… mind your gold… it's next on the chopping block
/CL oils support of the indexes is now falling apart.. dollar oil correlation snaps back with a vengeance… DXY USdollar nHOW testing Dec 2017 highs… mind your gold… it's next on the chopping block
/CL 50d 67.49 close.. and horizontal support bearish rising wedge target is 66.50 Weekly /CL far left chart.. candle is uber ugly
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it's morning hourly hollow red. implication is on the top left of the chart itself.
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triangle, so up is a little more likely. I have no intention to trade today. I just bought a game called "Ancestors Legacy"...
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