A 'choopy top' is what yesterday looked and felt like. Heavy volume and not much directional movement. It will probably 'blow' tomorrow. But this definately looks like the end of this bear rally. While the chop was unbearable, this 12,000 tick chart kept us on the right side of the market and kept the noise very quiet.
This morning's Daily chart supports the idea that this rally is running out of gas and the party is ending.
Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
No comments:
Post a Comment