I asked this on another thread; but the problem is that if everyone thinks we will go up from tommorrow's drop or "bottom", we probably won't.
I'd be VERY surprised if we closed higher tomorrow. I will trade whatever the market is doing regardless, but the spooz down 60pts in a holiday closed session tells me we got a lot more downside to come.
Actually, I just meant higher from here...ie buy when globex reopens and sell after 20-25 or so points up...
I'm long from 1265, got in just before close of todays shortened session. I've got a tight stop, hoping for a quick 8-10 points on re-open.
Good luck with your longs, why try to catch a falling knife? The best trades are the ones you never take....
I have no idea if we will close higher But I am looking at the potential openeing gap and wondering if it will fill during the day