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Monday, August 07, 2023 10:55:11 AM
Also, something I told everyone the other day is that the tiny little spike from .0403 to .0445 that we saw, was nothing more than those in control padding the RSI. The RSI was all the way down to 32, which meant if they continued their pattern, we'd fall into oversold, and they couldn't let that happen. So some magical way, going from .0403 to .0445 raised our RSI 13 points and provided them with the padding they needed to continue the push down. Funny how that works.... We can drop from .0445 to .0403, and the RSI only drops a couple of points, but when we go the other way, it jumps 13 points? LOL... For example, today we drop from .0434 to .040, and the RSI hasn't dropped a full 5 points.
Lastly, it was a given they were gonna drive this down at the open, because they had the opening ask set at prior close vs up a little bit. Whenever they do that, it's ALWAYS followed by a takedown... Never fails.. They'll hold it under .0434 the remainder of the day. How low they drive us is anyone's guess, but history of this pattern tells me that.0434 is today's ceiling....
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