The early conversation was to sell the third Pit gap higher, which is typically an exhaustion gap.
It was within a few points of a matrix to matrix move.
All the longs got screwed day.
Plenty of traders were tapped on the shoulder to liquidate!
The 100X3 point & figure leaves me a little leery of follow through without some sort of rebound.
Spoo stopped at bottom of cloud which is initial support.
Lemming effect trading at its finest.
Last nights DMI was focused on the Bonds. Bonds ruled!
I still have low energy so I’m not even getting into FX in the DMI. Its being covered live in the room.
FRA PODCAST hot of the press!