It's not really a surprise when this is everyone's collective expectation. I do think it'll bounce but I don't think it'll bounce nearly as high as others think. My expectation is that we hit 2120 and then head back down.
lol, you pegged it....unfortunately the wrong way round...fell to 2070ish and then finished near 2085
Dont ask me why im up at this ungodly hour, but I nailed that one, gap the futures through 2085 at 3 a.m. in the morning to shake out the weak hands. So predictable. I guess we are supposed to believe that someoen with a lot of buying power just got antsy in the middle of the night and decided to start buying futures hand over fist, for no reason, lol. Guess we will see if the strength is legit in the morning, if 2087 holds as the high, i feel sorry for the poor bastards who just got cheated. If 2087 holds this morning be prepared for weakness today, this ISNT the kind of shit the big players do when they are strong, and looking to legitimately buy.
Very reasonable expectation, certainly in line with an average oscillation after registering oversold on 240m chart.
I'd agree Romik, which is why I believe that it is very important to know when you are likely to be wrong. Yesterday I received similar probabilities for both scenarios, and so: No trade.
Tavurth, they are probabilities based on historical stats most likely, future average probability is around 50% or less.