No idea. Or should I rather say I don't have any confidence in any particular play today. My best bet is we'll see some consolidation today. I was long in my real account earlier this morning for a scalp, but currently flat and feeling a bit cautious about this up move. We've got news in 2 minutes and FED later today, so who knows what the day will bring. Might see a 10 point swing higher from here and a reversal back into yesterday's range. Or we may trend higher from here too. Not feeling strongly about either play.
PA wise I am not able to understand your short. Price is squeezing against the level with prior shorts likely to bail on stop outs. If you don't mind giving the general rationale. Otherwise no prob as well. Appreciate all your posts.
Crude oil finally finding some support around the $14-$15 level on news of production cut-backs. https://www.worldoil.com/news/2020/4/29/oil-prices-rise-as-production-cuts-begin-worldwide Expect volatility to continue as funds bail-out of the June contract. EDIT: make that $16.....it just jumped $1 in 15 minutes.
We've still got a couple hundred points to go before resistance comes in.----Headed out for 18----talk to you soon.