Market Comment, and GU:
Well, today turns out to be another of those days we waited for something to happen, and .............waited. Maybe the good in this is that at times like this, when we think nothing is happening, actually a lot is happening. It is times like this that Big Money works their positions. They get more ready for the next big move, but without making any waves (Yes, a pun on the SonicR WAVE!). It is just part of their "Non-disclosure Clause".
Regarding GU, the move up was a surprise, but maybe it shouldn't have been. With USD and GBP releases that were coming up, and more High Impact GBP releases tomorrow, maybe it should have been a "given" that the PPMs would "top it off" and keep it up to have a better price range to prepare for the inevitable that we have been waitng for. Maybe the "Grand Send Off" will happen during the traditional more active part of the trading week.
On the attached H4, we can see that the move up today restored PA to the FR 50% area, and added some balance to the downwards sloping channel that the price has been in since making its high. And, if you all will permit some more speculation, this sudden PA action up has the look of PPMs making a last dash for the high ground to resume shorting in advance of a truly grand move down. And now tomorrow's GBP High Impact releases might be the trigger.
Well, today turns out to be another of those days we waited for something to happen, and .............waited. Maybe the good in this is that at times like this, when we think nothing is happening, actually a lot is happening. It is times like this that Big Money works their positions. They get more ready for the next big move, but without making any waves (Yes, a pun on the SonicR WAVE!). It is just part of their "Non-disclosure Clause".
Regarding GU, the move up was a surprise, but maybe it shouldn't have been. With USD and GBP releases that were coming up, and more High Impact GBP releases tomorrow, maybe it should have been a "given" that the PPMs would "top it off" and keep it up to have a better price range to prepare for the inevitable that we have been waitng for. Maybe the "Grand Send Off" will happen during the traditional more active part of the trading week.
On the attached H4, we can see that the move up today restored PA to the FR 50% area, and added some balance to the downwards sloping channel that the price has been in since making its high. And, if you all will permit some more speculation, this sudden PA action up has the look of PPMs making a last dash for the high ground to resume shorting in advance of a truly grand move down. And now tomorrow's GBP High Impact releases might be the trigger.