Well they are certainly throwing the bait out there for the lunch hour dip buying crowd. Rig count comes out at 1:00. If they want to spike oil up that is usually a good algo trigger, and then the coorlation bots start moving the ES with crude.
marcueus wrote:I think low was in just now and we are going up to retest previous top
Possible, but also possible another leg down in the afternoon which will reveal the bottom.
Well I still belive bottom was in. It is becouse new low today was made by touching RSI 30 from the UP. Whats more, not so long ago market was under RSI 30 - so it is classical Cobras push down
see TSI turn on 1min. if the turn comes before new LL it's buy-able dip since the rebound was strong enough. but if new LL comes first new setup is be considered.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:see TSI turn on 1min. if the turn comes before new LL it's buy-able dip since the rebound was strong enough. but if new LL comes first new setup is be considered.
good stuff
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
this could be the 2nd test of day low, so key time.
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need a strong bull bar here to signal that bulls are coming. wait.
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