Why do you think that? It would seem like the longer term traders would expect a test of 1300-1306 and wait to see the response to that test. There are a lot of metrics that show a retest of the lows. I see the low of 4/18/11 (1290.25) as being a kind of inflection point. Should be plenty of action +-10pts in that area before next move shows itself.
We did nothing. You pulled the trigger and took the risk. Congrats on your trade. So are you buying the mojitos for us at happy hour?
1H just crossed into sell zone. 15min still not confirming and the daily is scary for a short right now.
It is quite obvious to me that if our new friend were the only one with a huge ego posting here, we would not have five pages of thrash talking and pure noise. The market will greatly humble anyone with a huge ego. It does not need our help in doing so. Let`s stay on topic and keep it friendly