As with Oil and Metals it's all looking VERY tired here.
Longs will ditch the morning pop if it can't keep going. Still short with that 50% position from early last week. That doesn't go red until another 400 DJI points further up- eat it shill pretender!.
First red candle on the 1 hour chart for oil..of the last 4. Volume was good on the rise but it's not getting it at the same clip it needs to keep advancing.
Volume snapshot of DOW. Slowly decreasing amounts of volume to where we are now.
The only thing that saves this from dumping is Munchkin's keyboard.
New HOD in NASDAQ…barely.
Critical here for any trader as if this fails all the momentum traders will ditch.
Same on Dow
Dow Jones Industrial Average (^DJI)
DJI - DJI Real Time Price. Currency in USD
22,416.14+623.94 (+2.86%)
that looks like an intraday Head and shoulders too.
Patterns in the COMEX arena are not to be trusted most of the time. Trade what you see.
Same with Gold but the droop is a bit more steep.
Red line was inactivity during US market closures but is at a good reference point for support on this pop.
Still pinned on the HOD's If it breaks out here then weak shorts will throw in the towel.
anon not weak like that fucking cat.
Dow Jones Industrial Average (^DJI)
DJI - DJI Real Time Price. Currency in USD
22,426.83+634.63 (+2.91%)
As of 2:13PM EST. Market open.
NASDAQ Composite (^IXIC)
Nasdaq GIDS - Nasdaq GIDS Delayed Price.
6,420.95+228.03 (+3.68%)
yes they were
Big volume at the top spike says GTFO out of this if you trade momentum. Add 25% bringing total to 75%.
This similar but without the huge volume at top. More ammunition being deployed here methinks.
This is relentless