Adventures in Trading with a Killer

out at 91, nothing like watching paint dry. Have other things to do.

 

Well-well, we went lower then my morning channel. I guess if you buy at a support and it lays there like a piece of bacon for 10mnts, This type of behavior favors a short term minor trend reversal.
We also bounced off of this mornings 6am, 30mnt low, The 30mn B-Bands are still horizontal and they still look bullish, not pitching and above the 200ma.

 

The only problem with the above statement is that we are below the channel support and now it is resistance. 2790.50 to 1789.75

 

Short CL @ 66.28. S/L @ 66.43.

 

CL @ 66.02. S/L lowered to 66.28.

 

The 30mn has some upside room, But the 1mn is running into ceilings in this area. Directional clarity not in place yet.

 

91.50 is our line in the sand.

 

Ceiling still in place here, need news or large orders to get up above.

 

Lots of downside and minimal upside right now, unless we get news.

 

Stopped out.