Lot of large scale (M60, M120) sets are interesecting in 34-37 range.
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rat89
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are they really going to take it up and over here in the last two hours of a Friday? It's possible, but they just set it up for a major whack down
JI
jimkane
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Yes, they did. But, shake it down, make it look like it's going to get whacked, shake out the longs, set up the shorts, then gun it up? The reason I don't like that plan is because they almost always save the second high for later. I doubt they'll gun for it today. So, who knows, but they could sell this down hard. It's right on the backtest area as we speak. Right on it.
Originally posted by rat89
are they really going to take it up and over here in the last two hours of a Friday? It's possible, but they just set it up for a major whack down
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rat89
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double break of the first hour range......if they make this a triple on a non fomc day it will be very unusual
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jimkane
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I mean right on a super-primo area. If they keep selling here, watch out.
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jimkane
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If it sells, I can't imagine not hitting new lows for the move today. Ouch.
Originally posted by rat89
double break of the first hour range......if they make this a triple on a non fomc day it will be very unusual
JI
jimkane
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Posts: 33,089
They might drive it to 97, take out that swing-low, and test the GZ, and no new LOD.
