DOW

I was forced to get out of bed cos of ipad battery running low.....pain

theres a rounded bottom on the 1 min chart.....im going long at 21000 with 100 point stop...
just incase

remo wrote:

Possible head and shoulder formation on hourly....needs a break below 20700,
Also strong support at 20400 ish area....
If a break below 20400 then I’d expect the down trend to resume.....
These are crazy markets and while I’m chatting moves of 100s of points takes place....lol

utter madness... unlimited QE, zero rates, fiscal package worth 10% of US GDP... crazy times.

And yes, the futures intra minute volatility is mad! Just be sure to charge your tablet Remo! it's running low!!!

Possible head and shoulder formation on hourly....needs a break below 20700,
Also strong support at 20400 ish area....
If a break below 20400 then I’d expect the down trend to resume.....
These are crazy markets and while I’m chatting moves of 100s of points takes place....lol

Jackozy wrote: The drop over the last couple of weeks came in a single move so perhaps we ought to expect a relief rally followed by another wave down but these are remarkable times.

The steep downtrend line meets the 38.2% retracement level of the drop at c. 22540 om Monday. Not saying it'll happen like that but it's interesting to note. There are also gaps all over the place, most notably the one from the 23553 close from 11 March which is close to the 50% retracement (close being a relative term in days of 2000 point moves).

No trading for me, just observing.

Good see you Jackozy! it has been ages!

Yep, this market is mad - anyone for a 1,000 stop?

How do you navigate this madness....

The drop over the last couple of weeks came in a single move so perhaps we ought to expect a relief rally followed by another wave down but these are remarkable times.

The steep downtrend line meets the 38.2% retracement level of the drop at c. 22540 om Monday. Not saying it'll happen like that but it's interesting to note. There are also gaps all over the place, most notably the one from the 23553 close from 11 March which is close to the 50% retracement (close being a relative term in days of 2000 point moves).

No trading for me, just observing.

Well, we have our answer - the rally is being sold into the close.