sp'60min
sp'daily5
Summary
I'm not surprised at the fact metals are lower - they are way high on the 15/60min cycles, but the size of the falls should be a real concern for anyone long.
Indeed, the 'last ditch' short stop levels are pretty clear, at yesterdays opening lows.
*there is mid-sized QE-pomo today, and if trading volume remains low, then the algo-bots will very likely be able to melt the market across the afternoon.
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*I will be considering a USO/SLV long today, although the latter is now in danger of taking out the recent low, and would no longer be a valid target.