Agreed, but really does not look good now. I went long from 1328.25, saw two big tick / buy readings (659 and 700 on esignal) without a breakout and closed 1328.75. Does not mean it won't break up from here, but the first big tick should have broken out of 1329.5 imho.Quote from pauk:
add ; 1328 - == -- average long 1330
gonna get a big bounce at some point
Quote from Laissez Faire:
Short @ 1328,50. Stop @ 1330,50. Buy limit placed @ 1325.
It means smart money is betting on a move downQuote from cashcarewins:
I'm going to tell you what you don't want to hear. It means very little. It could mean one more break out and the shorts will cover frenetically. It could mean there is some weird holiday you don't know about. It could mean bulls are tired and will take a break for a bit.
So what is your guess?