That's what I'm looking for. A quick swoon over Friday's highs to get short off a swing high - but nothing more than that. Not fighting this macro move up that's for sure.
Bit boring. Needs another Fed pump. Putting an order in to close at +15 and off to watch something else.
Got stopped on that one for a scratch, but got back in at the same price when support held. Will probably hold it like this. It's my view that we're currently retracing/flagging before the next push higher to 15-20, but I'm not very, very confident. Just confident.
Bullys should hold that 50% Fib @ 02 ... if that breaks... could spell trouble & would have me reconsider the Bully position.... This is an Ideal time for the PPT/ Fed spiggot to infuse this racket with capital!
WTI Crude (CL) is rock'in and roll'in today after the OPEC agreement. It opened around 40 and couldn't hold that level for a nanosecond. It then dropped to 38 where it has been bouncing off that level. The Chicago pit boys are having fun with this one today. The 2:30 pm pit close should be wild.