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testing range high, generally higher chances to pullback from here to test range low, lower chances to make a real breakout here. let's see.
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Smalls (TF, the R200 futures) ignoring yesterday's close trading in the red, apparently they do not get the Plunge Protection Teams unconditional love the way the bigger indexes do.
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ATR-based stops are really narrowing, above and below the current range. A news-induced session of > 1% in either direction could fuel a self-perpetuating sudden move.
According to Dr. Lumber, that move will be to the upside.
According to Dr. Copper, that move will be to the downside.
Daniel wrote:ATR-based stops are really narrowing, above and below the current range. A news-induced session of > 1% in either direction could fuel a self-perpetuating sudden move.
According to Dr. Lumber, that move will be to the upside.
According to Dr. Copper, that move will be to the downside.
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