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It's the very first test of EMA20 in 2 hours, could attract some buyers.
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Fear not.....this is a critical juncture for $VIX traders or SPX. do or die on both sides, more up tomorrow, bears will get to put back on the back burner once again. Trade well, Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
The large trading houses are programing their algos for the trigger words in the BLS jobs report tomorrow. If I remember Cobra's usual pattern correctly it will be true move, false move, then continue the true move. So up down up and away or the opposite.
I have been trying to get both 2,000 tick and 8,000 tick indicators on the same chart. This is my latest attempt.
It says, Ding Ding Ding, we reclaimed the double zero level. If this is all a short squeeze there can't be many stops left. If you were writing a script for a movie I would say the scene is set for tomorrow's big event .
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.