Surely, this post was an attempt at humor. Supertough? I'd hate to see what the poster would say when it really does get tough.
I suggest canning the daily news and going with technicals only. Now if you truly are a deep pockets position player and have not wildly overextended, then fine. However, I suspect this is not the case as your short bias would probaby have had you in early enough to be now nailing down profits instead of taking losses. If you are day trading, then any news or apparent reasons for market moves are irrelevant.
if there's one thing I did wrong for this downleg, it was putting stops too tight, I was constantly squeezed from my shorts, and am about to be AGAIN...
Not seeing what you are seeing... What RSI timeframe are you using, and on what timeframe chart? Thanks
looking at daily continuation chart. There is a better sample of info on the continuation chart. I never change the settings, I just use the standard 14 . Same with MACD --just the standard settings.
Okay on the 14 day I see a slight positive divergence at the lows and a double bottom oversold MACD. On the 5 day RSI I see a similar divergence, over a one month period. My momentum work turned up this weekend so I see the low as a potential bottom as well. I've been basically watching notes/bonds since early March and looking for the next shorting opportunity. I did expect it to go lower than it did, so that was a surprise. But I did go long the 2yr near the top so we'll see what happens. Thanks for your input. All I do is technicals I leave the fundamentals up to the many talented people here.
One further note-- To make the patterns like divergences easier to see, I also use a line chart in conjunction with the bar chart.
I apologize for my tone earlier. I didn't mean it to sound the way it did, when I read it back myself--Sorry