The 60min Mcd is still crossed down, The histo is crossed down and The stochastic is almost in the overbought area. All we need now is a negative GDP report for nice Healthy sell-off.
Bias appears to be on the LONG side - we have gone from 'sell the rally" to "buy the pullback" Of course, bias could change in 5 minutes with a DOW 500 point move. After the FED?? sell the news? 969/72 is first restistance, support 914/917
I thought we are going to have a big gap like 20 pts up or down ... Hard to believe that we are trading at around the close so far.
LC, you have to start doing the overnight thing. It was only a 28.50 pt pullback, still lots of profit in the meaty part if one took the short and trailed stops. At this point in time, going into fed all bets are off and so am I, till then.
Cannot because of other obligations ... I guess it is a matter of choice Pulling back to mid-10s is expected, just not there in the middle of the night to participate in the continuation move.