Every now and then the stars align. This is one of those times. Watch the volume for the next two days. Across all three.... Naz, SPY, Dow. It's by no means a "monumental" alignment of the stars, but it's up there a bit. No opinion here, up/down... who knows. But volume is confirmation and this is one of those moments. And note... it is a tad to the weak side as these moments go. RGB... who cares. Right? But its there. A small moment in time. And there will be a move. Watch the volume. Gotta dip... nite-all
Agreeing wif you now. I dumped 15 positions on ASX open today @ limit prices, got lucky because a majority opened up strong. Bought 2 x short ETF's which since open have moved up. I've made a note to myself, no more stock buying until after US elections. I've gone bearish.
So far, so good. I'll be a strong buyer @ 3250/3265 if we open in that area in RTH and price action confirms.
In actual fact this did happen at Ayers Rock / Uluru, pic I posted the other day. https://en.m.wikipedia.org/wiki/Lindy_Chamberlain-Creighton There have been other instances of dingos attempting to snatch toddlers, with adults luckily intervening in time.
Long 3260. Stop @3245. Target 3280/3310. 3250 should be a major support zone. If this does not hold - I suppose 3200 is in play. With Powell speaking shortly after the Open - this can get messy. Missed the prime entry @ 50 as I was not at my desk for the last few hours.
Unless this turns into a trend day down - I'd say there's a good chance of finding a bottom in this zone. Upside target for the day would be 3283.