This is a pretty ugly reversal taking place in the market as oil just want give it up. I have to say I didn't expect it as I thought we could get more of a rise before the real selling set in, but hey, we all know the upside is likely going to be tough so we should be overly surprised if any climb is short lived.
There is support for this market for the remainder of this week and if it cannot use that support then you have to consider that things are really worse than they appear. I continue to monitor and keep my wagers reasonably small but this reversal makes afternoon trading even harder. I may find myself on the sidelines as a result.
There is support for this market for the remainder of this week and if it cannot use that support then you have to consider that things are really worse than they appear. I continue to monitor and keep my wagers reasonably small but this reversal makes afternoon trading even harder. I may find myself on the sidelines as a result.
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