IBKR, as well as a few other brokers, are setting up nicely on all timeframes if bulls can come in to break them higher next week.
The brokers had become wildly extended in late-2013, a circumstance we noted was likely to lead to a pause if not correction. We have seen just that in 2014.
But headed into the fall it is likely we now see the next big move from them.
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Thanks chess for posting the classic “Boiler Room” scene. Reminds me of my early days @ the CBOT in the early 80’s. lol
A great way to end the week, LOL.
Haha. Thanks, Stu
Loved Ben Affleck’s scenes as Jim Young in that movie.
“Fuck you, mom and dad.”
One of my favorites from the time period.
Haha indeed