A picture of the volume in the area of the bottom could be useful to post.
what determines P and L are the future prices, not the past ones.
Today's bottom seems to me to be "expected "-- Mondays "end of day bears" + todays bottom bears + profit takers from today's bears + smart bulls...
what's happening to the chinese stocks?
That bottom of 30 minutes ago seems to where losers would have become bears. Ouch!
At tops, the majority is bullish.
Do you consider the bond and currency markets in your trading?
Which side wins on thursdays? Bulls or bears?
The bonds sold off significantly, and the stocks did not rise significantly, and in fact tried to end in red territory shortly before the close,...
The legs of the bull seem to be shaking.
Newcomers typically learn it only when the bull market turns to a nasty bear market, particularly when trading on leverage! If no leverage,...
He may have meant that touch probabilities increase with value of VIX or other volatility measure.
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