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thesniper
Oct 11, 2021 4:41 PM

whipsawing  

US 100 IndexFXCM

Description

Moves like the one today in the morning, just a huge rally is what for me makes difficult the read and the holding.
Past rebounds made me think market would rebound fast ignoring the signal. Next day was a red day for me, and turned back to shorts.
Here this can be a pivot, but holding Friday's range will just make this whipsaw within daily range.
We might reach oct 4th lows. Flat to bearish.

Comment

well this ended up better than what I expected...
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