yea, I missed it sorry about that, I see it now though...thanks for the earlier reply, I guess the thread was moving pretty fast at that point
ES trying to rally a bit..bounced off that 1887.50. I guess trying to establish support there but the upside loks limited IMHO
Yeah, Visaria advised us of that...Regardless, CL has been swinging around like some boiler room penny stock for the last month or so...
Yeah that's what makes it such a great intraday trading vehicle In other news let's hope Janet doesn't Yellenize this rally - I'm long and strong since market close yesterday.
NFPR is always on a Friday, unless its a holiday of course. In other news SPX rallied nearly 50 pts off 1872 yesterday, which is just 5 points shy of the crash lows, looks like those lows held but technically it wasn't a retest, I think traders might be jumping on the bandwagon prematurely thinking that the Aug lows held. Maybe that was it, but I doubt it.
Might simply be that it wasn't time to retest yet - and pretty common with double bottoms/tops where the median section is only partially bought/sold (e.g. M or W type patterns). I wouldn't be surprised to see this thing trying to 1980 at some point, plus all the trapped shorts if it does.