Hello HoBsta Cubs

Well I named this post by Hamlet as that's where we stand. To be or not to be....that is the question of the day.  The futures were up this morning because the Dollar is down and the Euro is up. How long will this last well that is the question.....there are still 2 scenarios that could play out here. 

My scenario is that the head and shoulder is complete and we can go and retest the 1045 area and you can bet this time, we slide right through it. But we need to break support to do, and we are still oversold on the dailies. 

The other scenario is that we are still going to have our 1-2-3 reversal that will take us back up to 1140-50 area to form a much cleaner head and shoulder its just when do we break the 1045 sooner or later. It's a important junction here.  The market wants to reassert itself to retest the previous high, but will it have the power to do that. My take is that will most likely try according to today's action. 

Looks like a huge gap up at the open so let's see what happens GLTA Peace Love Happiness 

Anna

Hey Gang, boy was I right on in my post yesterday if you go back and read it to a Tee, but I had to step out and in that few minutes the market started to rocked up to a huge close. I was flat, but had been up so much that I am really ticked at myself because I should have just closed, but it happened very violently and fast. I said 1040 area we could bounce up to the 1070 area, this a.m we are at 1064 and change in the mini's.

Now BP continues to be a successful trade and so far is down again today. The dollar is retracing some of it's gains and could see a retrace to the 86.91 area before resuming it's push upward. I do have it  @ 1.00 before all is said and done.

Today might open up up then chop around to end around the flat line, I lightened up my short positions yesterday but will reload @ around 1070-72 area short.  I am ready to play ball!!

Off for a bit so take care and have a great day! 

Peace and Love Anna