Stretch June 01
1st of the month is supposed to be an up day right? DX ,GBPUSD giving a good steer so far , once DX doesnt start taking off to the upside (above settlement) I'll be looking for support. The red dotted line on the chart is weekly R1 , it was ignored on the way up yday but line to see it lined up with the -100% stretch
Click image for original size
Its funny.... I know a lot of folks who were pretty bullish yesterday......well that was yesterday.
This TC stretch trade has a good track record so far......I think the most it has ever penetrated into one of my stops is 1 point.....
They are buying my ES puts afterhours for much more than the closing price so that means there is more down-side to come. The market makers know all.
This TC stretch trade has a good track record so far......I think the most it has ever penetrated into one of my stops is 1 point.....
They are buying my ES puts afterhours for much more than the closing price so that means there is more down-side to come. The market makers know all.
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