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notice how pure the reversal is on the $SHCOMP holding inside the zone (see blog post)... very technical, will be interesting as we close the week and head into OpEx
as we discussed yesterday, focus on being nimble and playing for the % play. you can get lucky on an outlier move but no one ever built a long term tack record playing only for those...
keep an eye on gold and the 1300 mark, will be very interesting to see if we get the usual smash action or if it will manage to hold a bid into the end of the week. no change in our bigger picture view
we expected euro to hold the 1.12 mark from a day close basis yesterday but it was too tempting to flush the level after the 1.1230s could not hold it. no change, it's still about that level from a day and now week close perspective.
on the indices side, everyone will be focus on the 'free money friday' we have been seeing this year so will be interesting. all in all, it would be healthy to see a bit of a bounce. straight down is not ideal for structural bears, an orderly market is always preferable
please @threadreaderapp unroll thank you
