Yesterday’s market action was a bit dramatic. You could say the “dog” side was playing games, switching back and forth.
The white-candle行情 had been in a strong upswing all along. The “cake” rose to 86,000, and “Auntie” even tested as high as around 2,777. When the non-farm data was released, it also turned out favorable—first the market lifted upward with a needle-like spike. The cake then broke above 87,000 to around 87,200. Auntie’s high was around 2,768. But the cake failed to hold above 87,000. After the new white-candle session opened, the market pulled back. In the early morning, the cake bottomed out at around 83,800, while Auntie was even weaker, hitting a low around 2,646. First the white-candle market cleaned out the people at the top; after the new opening of the white candle, it cleaned out those who chased too. The market kept messing with everyone, leaving people dazed.
The white-candle行情 had been in a strong upswing all along. The “cake” rose to 86,000, and “Auntie” even tested as high as around 2,777. When the non-farm data was released, it also turned out favorable—first the market lifted upward with a needle-like spike. The cake then broke above 87,000 to around 87,200. Auntie’s high was around 2,768. But the cake failed to hold above 87,000. After the new white-candle session opened, the market pulled back. In the early morning, the cake bottomed out at around 83,800, while Auntie was even weaker, hitting a low around 2,646. First the white-candle market cleaned out the people at the top; after the new opening of the white candle, it cleaned out those who chased too. The market kept messing with everyone, leaving people dazed.
