The market is developing the anticipated Narrow Range day scenario. Just before Noon ET, we got a bearish $TICK divergence. It is usually after the First Correction that the market starts to move quickly in the direction of the divergence.
Charles
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Hello Charles,
ReplyDeleteI will stay short GS and add in the 153/55 area with a target back down below 140. My short 135P will expire worthless.
With XOM .. I should have probably kept this one but oh well.
I am still short the ES july 910C but had a buystop @903.75 that got filled @904.75 thanks to INTC. I will add today to my longs in EEV and QID when we trade towards 915.
My bearish scenario will not work out in case we trade above 928.25