possible higher low, the low might be in for today.
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Bad drop was AT THE EUROPEAN CLOSE
Doesn’t look too bad to me, but Guru McElligott sees it as a BIG “stop-out” event.
"these are > 4 / 5 standard deviation unwind explosions, as various iterations of “Price Momentum” come unglued due to the complete reversal of everybody’s consensual positioning—Long Growth (nuked), Short Value (exploding higher)"… https://www.zerohedge.com/news/2019-09- ... to+zero%29
Last edited by Al_Dente on Mon Sep 09, 2019 3:00 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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