Notice the market reversed on the jobs report. The high was 1327 (just under the sell zone). This 1322 level taken out will probably send us down a few points. I'm slightly worried about the reduced range when buying here. The next buy zone would be 1310. Buyers defending 1320 level. When i mean reduced range, I mean that I know for example sell pressure is at 1327. So if I buy then I need enough room between 1327 and where I buy to get a decent target, if I feel I'm trading against the trend. i.e reactive
Banks are weakest. I assume due to fears of default. Yeah I'm curious if the 1314 level will act as a magnet or as a polar opposite magnet. It looks like the 1319 is coming into play.. hope I can get filled.
dvol over uvol 15/1 very lopsided,don't know what ratio is unsustainable but thats very high, es chart supp below..edit..forgot to draw arrow pointing to tl representing 17-18
Right , but the account has to have 'minimum' to prevent a net liability to the broker. Once broached...the account will be liquidated...think it was generally around 2000...could be wrong...again!! r10 in r100 period any results? NiN
I have my doubts about this down move exceeding 1314 for the day. I also think the 7/1 low will be respected without a major violation.