Breach Attempt 2.0
UPDATE 9:41am EST: 250 comments over night – you guys are animals!
That’s a nice channel breach on the Spiders. Could be for real – I expect a little re-test maybe and then we’ll either go gang busters or it falls apart like my wife’s soufflé. I for one would appreciate some upside for a chnage – player needs a rip.
UPDATE 10:32am EST: Well, that didn’t last very long – we are below VWAP on the ES and the YM. NQ seems to be leading today again – keep an eye on that. The Yen tried to make a run for it and got swatted down again. Don’t write the bulls off just yet however – we have been in the 890 – 710 region for 12 trading hours now and unless we breach this level soon this might be accepted as a temporary market bottom.
New poll for Zero subscribers – please vote.