Right around the time you post it the market nose dived about 4 points. What did you do to it? it looks like you put a 1000 car order and tanked the whole thing!
I see plenty of buying right now. Also Asian markets are slowly rebounding. Soon Europe will open. I wonder how they will start. BTW. that resistnce at 1436.50 was strong.
Euro markets are already open and they seem to be regaining some lost grounds although it's far too early to tell how they'll pan out in the end. If the ES can punch through 1442.50 and manage to stay above it until 8 AM EST, then you have a good chance for a recovery tomorrow. For the time being, I'm off to the netherworld.
I love when you give me hope like that. Sleep tight! Like I said before, if this pan out for me I owe a couple of beers next time you get around NYC.
Half of the prediction has already got fullfilled. I went long in my journal at 1437 before the close, and we printed 1446 about 40 mintes ago. Currently at 1443.25... Let's see if I get the 10 am reversal right! Edit: We are back at 1445. I am guessing that we should reach 1448 or even more by 10 am....
volente...all is well in dreamsville...deja vous all over again paper industry is on the rise again....
key level to watch is 1428 on sep futures.. on discount rate cut, market retraced to that level, before working its way back up.
if bears keep moving the goal post much lower, even fed funds rate cut pop, 50 points or so won't be enough to spill over resistance, at 1484.00 then the major risk for shorts is gone.