This thing is going to head south tonite. Fed announcement I think only reinforces how weak the US economy is and how it will affect demand going out. Plus API numbers are not giving the market any support here. @ mrbochin23, don't think there is anything wrong with using the QMs if you want to swing trade this beast. It allows you trade idea more time to setup IMO.
morning all. still short from 8017, st @ b/e - equity futures and USD not supporting crude this morning (EUR down over 1 1/2 cents so far)
@ra, these are QMs, not the big contract, so while nice, not as great as it could have been. Normally I scale out 1/2 @ a time, and I have an order sitting @ 7915 to close but wasn't touched on recent run down edit: out 1/2 @ 7915 st moved to 7960
Hi Kid. It's not that I have a long bias, just that maybe I have an unconscious long bias and that's why I'm seeing buyers here. Surprise bullish report leaked? Edit: see? it's not breaking clearly Your take, Sir?