The pair is currently heavily oversold on the daily, but divergence hasn't confirmed. If it does, it has potential to make a strong move to the upside at which point the real buying will have just begun. Regards, JJ
If you guys are traders it won't matter who's right. One will exit for a small loss the other will make a killing (or, LOL, it will stop one out and then go sideways on the other to punish your hubris )
hubris---- this is low key. we always hang "icarus" in the trading room when confidence seems to overwhelm. thanks! surf ps. but pretty confident in this one--icarus or no icarus LOL !
SURF ALERT SHORT SHORT DJIA VIA DIA @ 118.60 expecting nice drop here. holding oil short and NAPS long. Regards, Surf
SURF ALERT SHORT SHORT DJIA VIA DIA @ 118.60 the US equity market is exhibiting unique situation here, looking strong for a drop very soon. holding oil short ,NAPS long and EURO long. Regards, Surf