http://abcnews.go.com/US/gold-rush-armed-robbers-steal-4m-gold-truck/story?id=29328927 How unlucky are these guys? Imagine you're driving your armored car loaded with bullion, and not only does the vehicle break down, but it does so on the very day that three armed gunmen with nothing else do but steal your employer's gold just happen to drive by moments later. Talk about dumb luck At any rate, I doubt that $4 million will appreciably reduce supply or increase demand enough to affect your trade Gringo, but I thought you'd find the story interesting.
Demand is so weak that it would take a serious change to alter the conditions. From the current perspective this is a scratch.
QQQ as I see them now. Price has approached the upper TC. Hourly is showing small TR around which price gyrating. Could fail here or BO above. DL has been broken but not decisively enough. TR bottom held as demand did show up. Price is retracing. Currently, price is also around the TR top. Failure here could give a entry with possibility that price might reach the bottom of TR. It could even break below it. Risk is limited due to TR and TC top. Gringo
Hinge broken to the downside. Price is now around the bottom of TC. Hourly is showing demand to be weak and buyers not willing to bid up. Daily also has finished retracement and is giving signals of weakness in the air. Gringo
Hi Gringo, I thought u might be interested in this, the range is very clear and traders just rejected resistance. A LH here seems like a decent entry, thanks for the updates, its good to read what other traders are seeing on the longer timeframe.