I'm already seeing some fake? prints in the afterhours on the spy. I have 112.34 and 112.27, just now. Could be late fills, or a signal to where they are going to take it tomorrow?
It's too well controlled right now. Low volume sell offs rarely stick. Great for daytraders, but not longer term swing traders. Of course you could swing trade in and out every other day I guess?
I trade FX (G/U and G/Y) and currency markets are reflecting the same. Big ramp ups in response to Yuan for all Euro currencies early on during London sess. with large dumps during the US session
I hate these BS ramps jobs every time we sell-off to save the close…We were going to close below the 200 SMA and then the ramp job started the last 10-15 minutes.
Each of the last two weeks we had a large up day that then reversed in the last hour or so and ended up in the red. Each had major UP days on the following day. Of course as soon as you figure out a pattern it changes but I don't trust this move either.
I'm already seeing some fake? prints in the afterhours on the spy. I have 112.34 and 112.27, just now. Could be late fills, or a signal to where they are going to take it tomorrow?
It's too well controlled right now. Low volume sell offs rarely stick. Great for daytraders, but not longer term swing traders. Of course you could swing trade in and out every other day I guess?
I trade FX (G/U and G/Y) and currency markets are reflecting the same. Big ramp ups in response to Yuan for all Euro currencies early on during London sess. with large dumps during the US session
I hate these BS ramps jobs every time we sell-off to save the close…We were going to close below the 200 SMA and then the ramp job started the last 10-15 minutes.
When the mass media knows it's a H&S pattern… it's almost guaranteed to fail.
Looks like a sucker rally in the morning to shake out the bears that went short at the close on Friday, and trap some bulls.
I agree but I also agree with you regarding the head and shoulders.
Every site out there is showing that pattern. I just can not believe that it will play out as that way.
Each of the last two weeks we had a large up day that then reversed in the last hour or so and ended up in the red. Each had major UP days on the following day. Of course as soon as you figure out a pattern it changes but I don't trust this move either.
The shine wore off the Yuan I think…
I am blown away. had to be out of my office all day and had no clue the market turned. What happened??