He called himself a simple country lawyer - that's what he told everyone. he not only graduated from Harvard - he graduated with honors. He didn't get to be Chairman of the Senate Judiciary Committee by being just colorful. he was brilliant. Some of the younger people reading this, don't have a clue who Sam Erwin was. You dated yourself. And I guess I did too.
I cant see out that far....but my biases are.... Daily Long Hourly Short 15min Short If it didnt look so weird and the market wasnt closed I would short here. I broke my "no trades when market closed rule yesterday" but this doesn't look as convincing
I do still believe this is just consolidation/bear flag --expecting more downside---otherwise I'll let the market stop me out at 1271 if I don't see an obvious upside reversal signal.
15 point AH range within the boundaries of yesterday`s range. 1200 is the obvious resistance zone both for the cash session and AH. Looks like we might open with a small gap up. If higher, we may first fill the potential gap around 90 which is also the PP and 50% zone from yesterday. If we find support there, I might be interested in looking for a long. Lots of different scenarios I can see from here. An open closer to the AH high might first lead us there and even to yesterday`s high right away.
AH high breached and now gunning for yesterday`s high. Prepared to enter a short here if momentum stalls and we find resistance. NQ looks weaker. Gap fill already complete there.