Afternoon Traders,
Wow what a morning! We opened at 87.50 and right after that, huge selling orders came in resulting in stops being triggered all the way to 73. We quickly recovered ti the 82-84 range after that.
Sort of like the flash crash in May 2010 albeit a mini one. Then we formed a big candle with a long tail.
I then set an order to short at 81, but while I was keying in the order, price blew past suddenly to 79 and then touched a low or 74.50. It then recovered to about 80 and is trading around this small range as of now and closed 78.50 for lunch.
Interesting day indeed!
Trade safe all!
Best Wishes,
Tech Trader
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