Small gap down open, within yesterday's range, so chances are the gap will be filled and yet another range day today.
The Global ES doesn't look good, clearly 3 push up - 3 attempt to make a new high but all failed, so it's usually the time for you Earth people quit and trying the opposite direction. Let's see. If indeed trying the opposite position, bear must push really hard, another slow day today would mean it's still a consolidation therefore bad for bears.
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There was a small change in the McClellan Oscillator yesterday. Expect a large move in the market in the next day or two. I believe it will be down and will accelerate after the 10:15 pivot. There will be a move afoot to set up a trade for opex week.
noob wrote:Morning Cobra, finally breakdown? Let's wait and see.
too early to say that.
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yjin76 wrote:sup Cobra, just subscribed last night, looking forward to your comments
Thanks, really appreciate!
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strange, where's everyone? Already on holiday schedule?
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GM Cobra. Hope you remember me. Its BB Finance. Have registered with your main site and am really happy with the progress you have made with your site. You are a role model in doing things right and being humble.
i'd really love to see vix back above 30 to confirm more down ahead. otherwise, i might have to lighten my shorts on this opening dumb. i expect some whipsaw at some point today...it's becoming the norm.