Pivot point breached. Either we'll have a bounce from 11500 or 11470 is next target.
If 530 is broken down I'll short. I'm not the one to argue with Mr Trend... Should have realised when 630 didn't hold.
Some days it's almost unavoidable being a plonker...
Was todays action a bull trap?
im in long @ 11500 dow currently @ 11520
oils going slowly after coming off 110.5 currently @ 110.21
closed for 15 pts gain.
now wheres it going!
Got it down today as probably choppy, in the 1305 to 1272 (S&P) range
Afternoon guys, ok, if I join you?
I'm long waiting for it to burst through 11700...
Afternoon guys, ok, if I join you?
yes we need a move up now with the market going above 11700/11740 and staying their. all the bears are aware of resistance at this area so it needs to be taken out to scare them out of their positions.maybe they will then start buying, driving the market to the 11900/12000 area, where it will top and drop down to the july lows.
that's my thinking lets see if it happens.