| 本帖最后由 oldhorse 于 2014-6-24 20:27 编辑 
 today's move caught me off guard too, but the reasons behind this are the following:
 
 1)sp500 hit resistance, technically speaking, 1970 is the short term resistance, this is black and white; nothing to worry about it. just need more days to consolidate in this area;
 
 2)news wise, as you can see in mooncakes' blog, a fed member called flosser spoke bad mouth about raising the rate and market responded immediately. which I didn't expect as he is one man show anyways.
 
 the market didn't move much yesterday and today's move somehow to me is like to position itself before gdp release which is a normal sign.
 
 however, today's candle does form an engulfing pattern which is short term bearish.
 I did buy some tza to hedge possible down to 1940 and 1930.
 
 on the other hand, I expect gdp is up and july still may see 2000.
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