Looks like IWM selling off at the close last night was the clue for how we open today.
As at 7.45am EST, dow looks set to open -50/75pts. Given 15/30mins by 10am, dow could easily be down 100pts.
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Arguably, there is no point shorting at the open, the 15min cycle is already kinda low on the MACD cycle. A few good people out there also suggests we'll still hit sp'1400 late today or early Thursday. So the bears would do well to at least wait a few hours today before hitting any buttons.
Dow 15min
So right now, I will let them wash out the weak bulls, and see lets see how strongly they buy this up in the latter part of the morning.
As at 7.45am EST, dow looks set to open -50/75pts. Given 15/30mins by 10am, dow could easily be down 100pts.
-
Arguably, there is no point shorting at the open, the 15min cycle is already kinda low on the MACD cycle. A few good people out there also suggests we'll still hit sp'1400 late today or early Thursday. So the bears would do well to at least wait a few hours today before hitting any buttons.
Dow 15min
So right now, I will let them wash out the weak bulls, and see lets see how strongly they buy this up in the latter part of the morning.
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