Like mentioned earlier, this weekend is a holiday in many European countries, so hopefully that's what's why volatility is contracting these last two days. Would not like us to 'permanently' return to a lower volatility environement.
S 31.50 added S 31.25 PS 35.75 dumped half at each of 4 ticks, lwered PS to lock in a tick. ave down was to 32.75 and those dumped at 30.50/31.25 I just tend to be earlier than normal lately. The bar ranges seem to have return too much of 2 ticks?
Took BE + 1 tick on a short at 32,50. Will be mad if we roll over now, but didn't seem likely given this large retrace from 28. Live to fight another day. I bet the HOD/LOD is set for today.
smell a trap? it is like a gift when they keep close above previous lows and then nail a one point to upside. Now until bars break big bar down, I got the stay out, like bunch of inside bars, LOL I have learned much by studying the HFT moves and reactions thereafter. So much is based on the close, and then after you can buy low and use few ticks for PS. Adios all, am going to make soup. Stirring soup and in background hear "order filled"-automation, now if I just can make it make my jello...Life is good. LOL
Monthly Bull Pennant continues to provide strength here in this market. We are now breaking out to the upside. This can go a lot farther than anyone could ever imagine.