Walking Down Again
Walking Down Again
UPDATE 2:50pm EDT: Now we’re walking the tape down again – the daily whipsaw has become so boring that I don’t even bother watching it anymore:
Let’s see what happens right here as this seems like the lower boundary of a down channel. FYI – the current VWAP on the ES is around 880, which is about 87.50 on the Spiders. We are closing in on the NQ VWAP at 1392 – that one might be good for a bounce into the close. I’m not taking bets these days as anything goes.
FYI – if you haven’t seen it yet – check out my Surprise post about evil.rat/NQ.