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My stop is above 3300, so I am fine. We will see if this is a squeeze before a continuation downward, or if we did truly find support and the bulls are back in control.
Curious .... for you guys trading the EURO futures or forex -- which I have to watch as part of my U.S. equities/futures trading -- do you have the same reliance on the technicals as you do trading other instruments, given the news flow driven nature of it?
Yes, the TF has a lot of even distribution of small caps, which probably makes it more news resistant though everything seems so correlated now. I trade it only when I need an Adrenalin rush.
For me, the news flow driven nature of the markets has been nice for volatility but has made me less confident of the technicals predictiveness. But I guess the EURO is no different than most other trading vehicles. Thanks