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don't think today is going to be a flat open. looks like we're opening at least 5-10 ES points down. over a 20 handle up and down on the es this morning.Cobra wrote:First of all, again, if your intention is to read my daily report, register here at intraday forum won't grant you an access at http://www.cobrasmarketview.com. You have to register there by clicking the "signup" button on the top right corner. The intraday forum will remain free but all I'm talking here would be for day trade only so if your time frame is a few days to weeks, you need subscribe at http://www.cobrasmarketview.com. Thanks.
Flat open, so any gap would be filled and the day tends to be a range day. It's still a consolidation pattern therefore bears must be prepared for the upside breakout which could be very strong. Global ES on the other hand had another failed breakout attempt, but I cannot say chart is bearish, it's also a consolidation pattern only larger. So overall, the chart pattern is not bear friendly. I'd stay on the side line for now.
really? just for the dead cat bounce? we already had a V reversal premarket...can't foresee it happening with this down move.Me XMan wrote:Looking to cover and go long on this gap-down.
draghi's comments..."lending money to the IMF to buy Euro bonds is not compatible with the treaty".lqiantobe wrote:any bad news? suddenly down a lot