Coast to Coast to larger timeframe regression. They will try to shake you out. But it’s bullish to even new highs before elections. (Viva Venezuela!/Usvuela) Don’t try to Mean Revert, just wait for the ‘look backs’ to get long.
i am not sure the directions, just quick 2 points scalping with 5 points stop, not a good r/r but wait for market moving news.
Nice shakeout. Hard to say if it's a reversal or a deep pullback. Still favor the bullside, but I'm uncertain.
31.75 is last week's low. Big level. If we lose it - I can't help but think we'll see a sell. Bulls are currently winning, but I'm not impressed yet.
Looks like a nice little shakeout for now. Last week's range still holding and gaining acceptance (isn't that what the MP guys say?). If this can get moving higher again I like the gap at 76 for a target. Not sure we'll do much more today.
Current action is just random flow with the main move happening later. Worst case scenario the range is set and we chop around until Iran attacks Israel.