I usually never hold overnight or take on swing trades, but I could easily see a swing long from here. Yesterday was up 6,75 %. Today's only been a slow day down to fill the gap from yesterday and we're actually closing the day in the green. For me to get really bearish by today's Close - I would have wanted a close well below 2630.
Its sell sig for me just needs tomorrow cash to trade below today's low. A 75 point gap up closes what looks so far to be a negative on the pre-settle ... looks like someone cashed in their chips and went home.
Moves like that shouldn't be overly surprising. It would actually be more surprising not to have them, given how huge the ATR still is on larger charts and the general action of the markets lately, with everything else going on as well.. It's more about current supply than it is points movement.
well played, @schizo This looks like it might be making a $5K/contract move before the day is through from that high just 15 minutes ago.