You guys see that 5000 lot bid that track the price up all the way? Anyone thinks we are going to fill the gap at all now?
FWIW, Expansions of the first hourly range, 1.272-1.618 up or down are good spots for fades if market is not in heavy trend mode. Also Expansions of the prior day's range. 1.272-1.618 generally provide good places to fade.
I don't know whether been mentioned already, indexes testing 50 ma, last time above it was back in Spring '08