DislikedHmmm... this move has me slightly perplexed ladies & gentlemen. The push down really looked like it was going to follow through, especially with the break down in USD/JPY.
However, the pair came back HARD demonstrating a pretty bad bear trap (luckily I'm just a cub right now). If we move higher from here, I honestly think 152.00 is a target... If that is taken out, we could be going much higher for the duration of the evening. Could 155.00 be back in play? I know it sounds almost crazy, but almost crazy turns sane more times than you'd bet.
The Dow had little liquidity today with the Holiday. Volumes were low across the board. When it looked like the Dow should have tanked, there really wasn't much follow through. I'm wondering if you don't rally tomorrow. Remember now move is completely fluid and we haven't seen a rally is awhile. Coming off the Holiday, some trader may be bargain hunting and we could push higher. Obviously this would be positive for Geppy longs.
I'm not trying to freak anyone out, nor am I suggesting a trade. I'm just trying to get everyone to think about all possibilities as anything can happen correct? I'm almost starting to favor this type of scenario and I think we'll know in Asia how things will play out.
Regardless, revisiting 155.00 would be a blast. I'd love to start shorting from those levels again
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