The 1551 stop was hit a few minutes ago. The presumption now is that the 1492 low will hold. A close today over the 1544 level will strengthen this presumption. Still, I think this market is likely to drop to 1525 or so before it gets as high as 1560.
4 comments:
I am not one for details, but isn't the high of the day in spooz today still at 1550.70??
I trade the e-minis and there the 1551.00 level was hit
I believe you're right Carl. A total of 8 days from bottom to FED then we get a correction which will be a secondary low. From there it's 1600+.
imho
I'm still short ESZ7 from 1541.50 looking to close on any dips. Are you still short?
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