I think it's Tuesday 2-3-2015

Yesterday. Little planning but bearish bias. Worked really well in the morning then raped me in the afternoon. Fun fun fun.., Don't over trade and don't go from green p&l to red... In fact, I feel disgusted with myself for allowing this to happen. Not the right path to consistency.

Crude looks to be making a short lived come back. I do not believe it's the end of selling but this could be a decent bounce for the next week.


A fairly key CLVN was rejected yesterday at the 1973 zone where buyers stepped right up and screwed all the shorts. IMO action suggests not to be too bearish (but remain cautious). Price is back in balance and overnight made it's way to a key MCVPOC/MCHVN/CHVN. A strong magnet.

I think the 2060 level will now come into play and that is my primary hypothesis for the next few days assuming price remains in this balance zone and rejects a test down.

It looks like we will open out of range (OAOR). I'm looking for a gap close and push into yesterday's profile. Would like to see a test and rejection of the single prints where I will be looking for a decent move towards and possibly breaking the over night highs. If the single prints don't hold then yesterday's VPOC and below are targets but will be looking for more of a balanced day. Given the volatility lately... who knows.

I will also be looking for OD/driving behaviour but not expecting this initially.

Over night high will be fairly key today. It's an HVN and a possible location for sellers to step in.


Not really feeling it due to yesterday but that can often change quickly. Light and tight today.