The market keeps beating you and saying sorry and you keep believing the market is a changed market, until your next beating. You keep remembering all of the good times and not looking at your bruises. You see the market shifting up now and you’re lured back into its web, thinking “this is it, this is the Satan Claws rally.”
Reminder: The IWM has rallied most frequently from 12-2pm for December.
What you really need to be concerned with here is how we close.
3pm to 4pm has not been a profitable endeavor for traders.
I too am tempted to long up. I am 100% cash and would love nothing more than to partake in a Santan Claws rally. However, I can see your bruises and would not like that to happen to me, so I am patient.
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Bold Prediction:
WTI will never trade below $70. EVER AGAIN.
double bottom may be shaping up …silver time
Epic fail
Bears just got faces ripped off.