EU Commentary:
Did you find the Sunday/Monday first day of the week trading frustrating?
The charts below were posted yesterday. Things have not changed. Furthermore, has it not been said many times, many places here on the Sonic R. System thread to not expect much out of the first day of the week?
If the market is posturing for a move down, i.e., if the BBs are swinging prices up and down while building short positions, do you not think they will take some time to do this? After all, in order to build short positions, do not the BBs have to sucker in others to take long positions? And in order to do that, is it not necessary that the market takes the time to swing prices up and down so that the "longs" can see justification to take action and jump in?
And if the opposite is true, if the spike up to the "Sell-off Zone" was caused by sudden genuine buying, and if the market has subsequently engaged in swinging the price down and up and down in order to encourage shorts into the market so the BBs can build more long positions, do you not think this will take some time?
Let's face it, the Sunday/Monday trading day is simply not a good day for trading most of the time! The market is posturing, for which direction we cannot be sure. But the market will take some time preparing for the run, of that you can be sure. In a way, Monday is to the rest of the week, like the asian session is to the rest of the day. It simply is not the best time for trading, normally.
Did you find the Sunday/Monday first day of the week trading frustrating?
The charts below were posted yesterday. Things have not changed. Furthermore, has it not been said many times, many places here on the Sonic R. System thread to not expect much out of the first day of the week?
If the market is posturing for a move down, i.e., if the BBs are swinging prices up and down while building short positions, do you not think they will take some time to do this? After all, in order to build short positions, do not the BBs have to sucker in others to take long positions? And in order to do that, is it not necessary that the market takes the time to swing prices up and down so that the "longs" can see justification to take action and jump in?
And if the opposite is true, if the spike up to the "Sell-off Zone" was caused by sudden genuine buying, and if the market has subsequently engaged in swinging the price down and up and down in order to encourage shorts into the market so the BBs can build more long positions, do you not think this will take some time?
Let's face it, the Sunday/Monday trading day is simply not a good day for trading most of the time! The market is posturing, for which direction we cannot be sure. But the market will take some time preparing for the run, of that you can be sure. In a way, Monday is to the rest of the week, like the asian session is to the rest of the day. It simply is not the best time for trading, normally.
Attached Image(s) (click to enlarge)
