Depending on which way you look at it, these markets are either very dangerous or they offer tremendous swing trading opportunities.If you can get onto the first move and then start riding the swings, that makes life very easy (and profitable). On the other hand, if you miss the first move and then try to jump on mid-stream, trading can be very tricky indeed.
I think these markets are set to continue for some time, based on the ‘volume’ reports I’m getting from prime brokers. Real money flows are exceptionally large and trailing stops from macro players aren’t far behind in terms of size.
And one other thing, actual technical levels won’t work as well in these wild markets but we can still look to technical analysis for directional indications.
Should be an interesting week!