http://finviz.com/futures_charts.ashx?t=ES It just seems like it has been building to one huge move. The gains IMO could be pretty significant if it doesn't sell off in the late afternoon.
This is not an indication of my bias â I donât have one Merely an observation â imo every short and their brother is getting squeezed out â when the market falls next â itâll fall hard No shorts left to cover and slow it down But I also think its posturing for the upcoming election Ride the wave â no matter which way it rolls⦠RN
Nice O/N selloff in EURUSD and stock futures. Let's see what happens. The Nasdaq has been extremely overbought recently, so the earnings news could easily be priced in already.
Yeah, I agree. I think it is going to be a volatile day though with the path of least resistance being up. Impossible to say for sure, but I think there is 1 or 2 big moves in store to the upside before some sort of retracement.
IMO big upday in store, but as with any day, anything can happen. Just saw this go by. Looks a bit premature to be talking about this, but FWIW: (flyonthewall) The Nasdaq 100 has become the first heavily followed index to break out of its four-month-long trading range. This could see momentum return to the index, and could lead to further upside as traders chase it. Next resistance target is at the May 6th flash crash high of 1964.10. Support is at 1939.77. If you owned STU, you already had a nice day. Maybe even a nice year just now.