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ghostinthemirror

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ghostinthemirror

Re: Tbone88 post# 23827

Thursday, 06/26/2014 1:24:03 PM

Thursday, June 26, 2014 1:24:03 PM

Post# of 78243
We are riding against the upper BB. They are so tight right now.... Traders are shorting here. MM's have no skin at the moment, just waiting to break the channel. For that to happen, we need serious volume to bring the upward momo, and traders will act accordingly. For now though, its a no-brainer to be shorting the ask and cover two ticks lower.

Slowly eating the ask is the best for the PPS right now. Technicals are looking primed for extended price movement, not just a pop.
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