sp'15min
sp'60min
Summary
.. and this kind of bounce is why I've ZERO interest in meddling in the short side. I've no patience for this kind of market... at least from a bearish perspective.
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Despite the strong bounce, the smaller 5/15min cycles are now clearly over-stretched.. and should see renewed weakness into the close. Next target remains 2020/15.... with a slightly bigger target of 2000 by next weeks FOMC.
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Notable gains, the miners... ETF of GDX +6.4%.. but still lurking around the old busted support of $20
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2.18pm.. Approaching typical turn time of 2.30pm.... just need a break <2050.. and the door is wide open to renewed weakness... all the way into the close.
Notable gains.. oil/gas drillers.. RIG/SDRL, both higher by around 4%... but price action remains VERY unstable. They were +4% in the morning.. only to lose almost all the gains... and having now reclaimed them again. Crazy action!