We are going to go up today Ben… in the morning session. Once the 60 minute chart peaks and rolls back down, we should take out the 1040 support level.
If it doesn't take it out by the end of the day, it should do it tomorrow morning. However, I expect it to happen today, as Bernanke is likely to spook the market today.
Remember, he is testifying today at 10am, and it should last most of the day. Nothing positive for the market will come from him… that's one thing I'm pretty sure of.
Opps, sorry. Yes, overbought.
Thank you. Do you mean overbought?
Crude looks like its about to rollover. Now oversold on the 60,30,15 and 5 minute charts.
watch gs for clues. If we break 135, then I expect downward momentum to accelerate.
Iam thinking of adding some short s over this bounce.
may not get another clear shot for a while.
sorry – that was 1052.
We are going to go up today Ben… in the morning session. Once the 60 minute chart peaks and rolls back down, we should take out the 1040 support level.
If it doesn't take it out by the end of the day, it should do it tomorrow morning. However, I expect it to happen today, as Bernanke is likely to spook the market today.
Remember, he is testifying today at 10am, and it should last most of the day. Nothing positive for the market will come from him… that's one thing I'm pretty sure of.
Needless to say… I'm staying short.
thank you.
jaywiz called for a crash?
I gotta stop looking at futures after trading.