Trump is gonna' have a dry orgasm tonight, get mad about it, and blame China. Take it down. (Sorry mods, a bit out of place here. I know. :-( )
Really looks like some sort of low is in place at that 32.25 ... but, anything can happen. I'd be more confidant if malebondage were to come by and tell us that he finally closed his longs Friday and he was now building a short position at Friday's low - now that would be a buy signal for sure.
I’m happy to wait for Asia and Europe to get through their trading sessions. If I miss a bottom, it wouldn’t be the first time.
yes, the timing of this set up sucks from a confidence stand point. I'd love for this to waffle around down here all night long and then wait until RTH to make its move. But the market has not been terribly kind to US day traders for much of the past few months.
You mean the past month. Remember remember the 5th of (May). Doesn't have the same cadence. Sorry about that.
Two additional thoughts: India is likely going to some something to say about Trump over tariffs and traders are not likely to all of a sudden to have great confidence on the long side before US RTH. I prefer to see a little bit of capitulation before fighting a trend that has solid fundamental underpinnings.
I won't argue fundamentals with you as I remain blissfully ignorant of most of them. I'm just saying that as a technical kind of price trader this looks like an attempt to "capitulate" right here and now. Timing does suck, however.
Aw hell, I bought 1 MES @ 2737.75 on a little life in correlated assets. Stop 2732.25. Target 2760.00 Edit: Let the pain begin!