All US Financials are currently up over 1%. We could see a nice pop here. Must clear the 128.41, and if we do, short term long target is 128.68. If no pop during this hour, we will look to short back to the MA.
They ran it just as expected. The run on long stops hit our 127.70 short target perfectly, 100 pips from our call last week. We could get some choppy trading here. Bias is still to the long side, Enjoy Today!
Anyone short just got their stops run, if they were placed at the most recent swing high (top yellow arrow). We are now 100 pips from the 127.70 level we covered last week. Still looking for the market to get down there to flush out weak longs and clear stops from most recent swing low (bottom yellow arrow).
Once down there, most likely consolidation will take...
Now that anyone long with stops has either been chased out, flushed out, or stopped out, be on the lookout for market to regain buying strength in this area. Targeting 132+.
