CL Redux

Thanks for posting axis--I have never heard of something like that, very respectful of them to offer such a suggestion, shows a lot of class.

On the attached chart, the left profile is from Wednesday, the middle from Thursday, and the rightmost is for Friday's trading day beginning today 6pm. Support held twice at the POC of the second from the top balance area, .40.

Could tomorrow be the day that bears finally assert some semblance of strength? I mean, anyone who bought and held the base on Sunday/Monday in the low 83s has had a free ride to the top, NO retraces of any significance. Today's low of .40 was about a 30% retrace from the low--easy to hold a long through this.
 

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Quote from mfbreakout:

will be looking for shorts at 87.50 area
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I hope traders are not looking at Obama speech for this sell off. DXY showed all day long yesterday things to come.

I wish, I had more confidence in dx levels, all i knew it is above 200 sam after 4 months or so.
 
Quote from mfbreakout:

I hope traders are not looking at Obama speech for this sell off. DXY showed all day long yesterday things to come.

I wish, I had more confidence in dx levels, all i knew it is above 200 sam after 4 months or so.
More...


Per Mark fisher report, only a close under 85.99 will cause possible secondary sell offs and negate this up trend.
 
Quote from mfbreakout:

Per Mark fisher report, only a close under 85.99 will cause possible secondary sell offs and negate this up trend.
More...

thanks for the heads up. i might try going long near today's low w/ stop near 86 then.
 
Quote from mfbreakout:

Per Mark fisher report, only a close under 85.99 will cause possible secondary sell offs and negate this up trend.
More...


By 85.99 close, i meant close at the end of the day- whenever it happens.
 
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