Disliked{quote} why not? ... -> When and how would you know that the current breach to the 1.13xx handle is a wick or it is going to be extended? sisseIgnored
I responded with "wait until the WEEKLY or MONTHLY close." Weekly could close BULLISH though and not be a wick but the MONTHLY could close as wick at this this level. Thanks
Here is what I am looking at with the RMT:
in OCT 2015 the HIGH was 1493 with Rate increase in Question
in FEB 2016 with 1 rate increase and 2nd in Question along with RISK OFF the HIGH was 1377
in MARCH 2016 with 1 of the rate increases out (for now) in 2016 but 2 rate increases still factored in and ECB cutting again and QE+ the HIGH so far is 1344
The fact we haven't taken out 1377 when we were so close (1344) with all the ECB/FED out and digested makes me ponder if the MID TERM LEG has now begun............I would have thought we would have taken out the HIGHS today and did not!
Month is still not over but HIGHEST CLOSE since Feb 2015 was 1224. This could be a KEY. Breaking 1055 is the CONFIRMATION I am looking for 1050-->097X--0800 with fast EXT to -->.0518
This is my MAP and my DESIGN if the MID TERM LEG is in PLAY..................if not, I sit and wait......
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