Looks like the open has now gaped down and if this week closes without filling in this gap we will have a good solid evening star and a bearish signal.
I am still cautious however on this short because there is a weather report for very cold temperatures that are projected to strike the US mid-week. The daily order flow opened below some significant buying at the end of last week. While I am puzzled by this I have decided to hold my shorts and keep the stop very tight. My stop is now just a little over BE on the aggregated position.
I am still cautious however on this short because there is a weather report for very cold temperatures that are projected to strike the US mid-week. The daily order flow opened below some significant buying at the end of last week. While I am puzzled by this I have decided to hold my shorts and keep the stop very tight. My stop is now just a little over BE on the aggregated position.
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