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Comments on: The First Trade… Central banks on holiday?
https://rd.johnlander.me/first-trade-central-banks-holiday/
Futures Market Timing | chaRTroom | Technical Analysis | InstructionFri, 12 Aug 2016 12:33:29 +0000
hourly
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By: SM
https://rd.johnlander.me/first-trade-central-banks-holiday/#comment-1525
Fri, 12 Aug 2016 12:33:29 +0000https://roddavid.com/?p=24582#comment-1525“This being a Friday, reversing down from another fresh high or just dropping would likely extend through the noon hour. By the same token, this being a Friday, another fresh high that does NOT quickly reverse down could drift higher into the weekend.”
Isn’t there also a ‘Friday truism’ that says that a trend cannot end on a Friday? So, if today there was a strong reaction to a probe of new highs (or a collapse without even attempting a probe higher), should we expect that higher highs would still be seen next week?
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