Market recap for 06/23/09 & potential for tomorrow
I thought I was done trading after a profitable short this morning… then a nice long showed up at about 12:15PM EST. I actually did a live trading video for my coaching students.
Anyway, we have a nice inverse head and shoulders lining up on the higher time frames. I don’t try and guess what’s going to happen over-night or the next day… all I’m sayin’ is this is a nice pattern with the potential to go up tomorrow.
There’s still room to retrace back up to the 900-907 area to get into our “sweet-spot” retracement zone (between 38% and 61%). Again, I don’t really care what happens overnight but it’s nice to see clean potentials.
