And finally, where do retail enter short, mostly guys will wait - just in case.
All the trend lines and fancy PA/TA look good, but where to get in?
Always the levels, follow the levels, 3050 wasn’t reached, the arrow was when the US came to the table, but retail must never chase, wait…
Next day, just as on Tuesday the mid Asian was kick off for higher (blimp) so Wednesday mid Asian was kick off (2980) for lower.
What’s the biggie about the mid Asian?
It’s just a level, and has a little history.
Back in the day - see the little reuters pager - it’s showing the Asian hi/low:
Edit: no computers, no mobile phones, no calculators, just a smoke and figure out where is the mid level between two numbers - that’s how ‘smart’ the algos are today.