think about it. what makes it possible for u to get ur truck thru there? is it the congestion? or absence of it? henceforth known as absence of overlap. which leads to further studies of overlap.
LOL can't really quantify it .. but i'll try to explain start by taking a look at 15 candle @ 10:30 ET. that was one ugly 15 candle, right? how could we overcome that? and we never did! so, here we are (you buying here)? shorts are in control, and will walk this down in AH's they can't punch it down here, no vol walk it down but just a guess in the end
Did you guys notice that the retrace back up to 1878 area was symmetrical to that move last week from 1865-1922?...I'm not following the terminology about overlap et al., but this market has shown a tendency to set spike bar highs and then spend an inordinate amount of time fully retracing them.
1922.25-1865 = 57.25 pts 1977.75-1921.75 = 56 pts Not exact...I misspoke...oftentimes it can hit within a tick or two
an ugly 15 candle about ready to close.. but "ALMOST" too obvious here..ya now c'mon don't try to kid a kidder lets watch it somtime signals a reversal stay tight here!
there's going to be a massive short squeeze, the question is when not if please? so i can start a short position