Short 37 PT +37 SL -5 I'll probably get stopped out before it hits my price target. But I bet we will retest 5700 after the open tomorrow before ripping higher. BTW anybody have tomorrow's HOD? My crystal ball is under repair.
Past 2 hours, there was strong upforce momentum during the Asian session; Asian and US Index futures, copper (and perhaps crude oil and gold) were up. So far, no sign of trend reversal. The Europeans should be awake soon. They will surely move the market (in whatever manner/fashion).
Well, we've been trading in this dreaded chop zone for the last 2 hours. I think there's a higher chance we break down than break out to the upside. We should retest 25 before the night is over. I mean it's ONLY 12 point retracement so it's doable. But ya can never completely rely on these bears. They're such pussies!!
OK. The Western Europeans are awake. The European and the US index futures will probably be quiet for the next 55 minutes. copper, crude oil, gold, eur, jpy, gbp continue to go up since 4 hours ago. The UK traders should be awake in 55 minutes. They will surely move the market (in whatever manner/fashion). Come ON! Show us your color!