An hour more of this then the next usual suspect, New York oil closes for the day, and that seems to make things happen just like the European close.
No guess for the weekend, as with China closed there will be no "Home Team" buying or panic selling. Japanese market is not well, and it is clear no one cares what Kuroda San has to say. But Grandma does Humphrey Hawkins on Wednesday. Hilsy wrote today that the Fed would keep us guessing until their March meeting. I have no idea if the house will question her on negative rates or just beg for mercy (more QE) before the election. I could be missing something but I don't see a bull catalyst next week.
josephli wrote:Even though intraday momentum favor the bear, we are still in a very large range. I see bull may have a potential to push back 10 pts to close in a more neutral way. but swing bias still down.
For some reason your posted charts are rendering as very large on my screens. Often the entire right side of the chart is truncated and unviewable, which of course is the interesting portion.
Are you posting your charts using very high resolutions?
K447 wrote:For some reason your posted charts are rendering as very large on my screens. Often the entire right side of the chart is truncated and unviewable, which of course is the interesting portion.
Are you posting your charts using very high resolutions?
They aren't high resolution, only 104 kilobytes. They are, however, large size at 1620x920 whereas most images here are in the 480x400 range.
new low not decisive enough, so bears still need to be careful as a straight down day is very rare nowadays.
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josephli wrote:Even though intraday momentum favor the bear, we are still in a very large range. I see bull may have a potential to push back 10 pts to close in a more neutral way. but swing bias still down.
For some reason your posted charts are rendering as very large on my screens. Often the entire right side of the chart is truncated and unviewable, which of course is the interesting portion.
Are you posting your charts using very high resolutions?
OK, fib 61.8% mm at $187 is possible. I won't hope 100% mm.
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