All my profits where made overnight, nothing going on during the US session. This is the pattern as we near the summer doldrums. Some are saying increased volatility, maybe so. But I have seen this so many times before. All my sell orders were executed last night. Im holding a small long position at the moment, not expecting much movement today.
Well off the lows crys CNBC....RIGHT ON TIME FOR LUNCH! Same thing over and over....in the mornings it's rosy and at lunch it's rosy.....always remember that. They do not want to alarm the average citizen.
Market wants to go down. with a few points up, selling pressure begins but I also see hesitation in selling. People are not convinced to buy but also watching each other to see how many want to rush to the exit door. Once it starts, it will get ugly.