Lots matching up again
86 - 87.5 rat and POC
81.25 Rat and Va low
75 - 77 Rat, weekly PV and current ON high, breakdown point from YD aftrenoon *******
67 - 68 rat and current ON low - YD low****
the MP players wll be watching to see if price is brought back uo into value today or if new value will be established lower from that late day spike. Usually after a consolidation and run out in the afternoon that closes on it's lows we get follow thorugh...so many will be trying to get short up in the 76 - 77 area in the ON and target lows below YD's low
We know we will probably print at least two ratchets so we can watch which one prints first to try and establish which one will print second. This is being done in attempt to hold runner contracts longer with a good signal. My bias is short untill we trade below YD's lows, then we need to be thinking about the possible GAP AND RAT down at the 61 - 62 area. Below there is 56 area and another RAT. That may be an agressive goal. Goodluck today
BR
BruceM
Rep: 216,211
Posts: 19,895
the challenge with this short is this crappy volume...they could just surge it up to tryy and run us out....hopefully that won't happen before that previous retest of lows..that's lot sof 30 minute HH and H , lows..
BR
BruceM
Rep: 216,211
Posts: 19,895
additional concern is that they are consolidating above the spike bar from yesterdays high..if they like that so much then what is stopping them from just running higher from here ? but we still need a test of previous...they just don't make HH and HL all day !!!
