There are real fears of sovereign debt. It will make investors hesistant to stay long on overnight trades. I have closed my short and have no strong feeling about the nonfarm payrolls report. If we sell off more tomorrow down to the low 1050s, I will be looking to buy. If we get a bump higher on the NFP, I will look to short around 1068.
Guys, Take a look at dseven's trendlines:
ReplyDeletehttp://www.freetradingvideos.com/vlog/default.asp?category=1
It suggests that we keep dropping regardless of what the NFP numbers are. A caution: Keep a sharp eye on the markets. The forecasted market direction are not always accurate. Furthermore, dseven "updates" his trendlines as he needs to - after the fact.
Low 50's - Here we are.
ReplyDelete1053.25 - 1053.50 at the time of writing.
Unbelievable.