RA
rat89
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Posts: 7,015
and they gave a short time to cover for a profit at the open before the bears blinked. Spx really needs to get up to that .618 - .786 area to set up the next short, and it can take its time getting there. The game goes on...
Originally posted by jimkane
That sounds like a very sensible play that I can get behind. Everyone knows me and my love of puts...
Originally posted by rat89
who knows, but I built up a position in spxu and tza Friday for a rainy day...
MA
MarcinO
Rep: 67
Posts: 5,506
They are playing games with the Euro all day long. My understanding is that so far 1.1150 has been respected but they want to shake out weak heands before a more sizeable move.
1.1215-20 looks like a nice launchpad to send it up.
1.1215-20 looks like a nice launchpad to send it up.
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MarcinO
Rep: 67
Posts: 5,506
The lower of the area posted above has been respected so far. 1.14 (or slightly higher) is next with management area at 1.1370. I will place charts later on.
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MarcinO
Rep: 67
Posts: 5,506
It's still tricky.
I wonder if they need to send it down to 1.12 before a really strong move. That would be repetition of a common fractal in the Euro.
I wonder if they need to send it down to 1.12 before a really strong move. That would be repetition of a common fractal in the Euro.
Click image for original size
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MarcinO
Rep: 67
Posts: 5,506
Randome walk theory... in practice.
I ignored that area at 1.1235 today morning looking at deeper correction but it's never too late to draw conclusions.
I ignored that area at 1.1235 today morning looking at deeper correction but it's never too late to draw conclusions.
Click image for original size
