looks today has lots of easy money there, either for playing break-out or swing or scalping. net 318 ticks now.
Anyone have any thoughts about the support at $80 for a swing trade stop? Maybe the stop goes at 79.60 but we've kinda bounced off it twice here in the last few days.
When a price is continually revisited doesn't it mean there wasn't significant support/res? if it was significant it wouldn't be revisited it would tank or rocket up If we go down to 81 again my guess is we tank to 80 in about 10 secs. DX forming IHS.
I suppose it's up for debate. I'm not sure how significant it is, but it's a support level that's been honored twice and looks like it has held ok, but on the third, maybe the market gives up and gives way.
Landmark day for me - more longs than shorts! I believe I may have overcome my eternal short bias. Price has consolidated cleanly on the daily chart with the downside of the range still intact, but the failed breakout upside today would make me nervous if I were swinging long off the lows. My "hypothetical" swing short stopped out b/e this morning.