It is about 5th time of testing the bottom in the last 1 month. I think bottom is about to fall off, watch out dip buyers!
Welcome back shortlife.
What about the likelihood of blowing out the top of that trendline to those 1360 sellers before testing and potentially breaking those 1340 lows.
Just so they can give the traders playing this pattern a big
Petro dollar double blow....
Good point, they can always take it down to 1340 like you said before messing with that upper TL.
Futures trade 24hr so they react to news and events before market opens. Don't know where you get the "everyone is going to panic sell". If the market sells it's because of the reason futures are selling, not because futures are selling.
thats a matter of opinion based on a forward looking aspect. The Futures did not sell off 24hrs ago.. The markets are not forward looking at this point.. its retarded looking and waits until the last minute. ...My take on all of this crap.. Its currency related and metals.. its not futures alone.