agreed....everybody awaiting jobs numbers out of US to get some more direction...but I dont think its going to be good. Feel the markets have had a good run over the past week (with Greece bailout), but reality is the global economy still on a knife's edge....
Thanks skaaptjop, yes I saw the bugger wanting to get filled..just a small short as Im unsure of what the malsi wants to do in the week to come..sideways for now so just trading the range plus we are at massive resistance, ..July August is usually not a nice month for TA..data earnings ect.. so trade with tight stops and expect wild swings..my line in sand is 29050 and taking profit every 100 points reentering at 29000..
Nice bit of red today, broken out of channel..gap up this morning closed gap on daily..key levels are 28850 and 28755, not precise levels but a close below these say on the 15min will indicate much more downside..p.s big job numbers out of UsA later..expect wild swings.
Oh my hat!! Something, a little birdy, call it what you want - made me exit my long at 28960. Thank goodness! When the futures market gets a little ahead of itself in situations like news releases, or premarket opens, it is usually a good shorting opportunity, or at least a good time to close all longs.
in 2008 the market jumped up over nearly onethousand 500 points against trend in about a minute when the FED first entered the market during the crissis...it then took about another 5 minutes to fall back down to the same level. nearly 3000 points round trip in less than 10 minutes.. ask Chartist about it If memory serves he was short 10 contracts at the time when it spiked up.