Everybody talking about being long and entering long yestereday upset the Big Boys. There is no technical merit to this move, they are just trying to desperately shake off weak longs. Watch for an unexpected run up either sometime today or a gap up for a nice Sunday open surprise.
Check out our twitter page for a hilarious pic of what they looked like...
Watch this very important price level. Now that long stops have been cleared, we should see buyers step in here for projected longs to 131.50...that is over 300 pips from here!
If we do not get a surge in buying, hold off on longs until we see decent buying volume. Thursdays and Thursday evenings rolling into Fridays are notorious for massive moves. Enjoy Today!