Down 30 at the open. Not too bad. I don't think Pres Trumps "I regret not making the tariffs higher" helped any. Lol
Opened Sunday only down 30. On track to opening Monday session in the green. Like I said, Trump's new tariff was already priced in. Opening 100 pts in the red was pure fantasy.
Hi Krug, My opinion is this up move overnight is simply a retracement in the start of an on going down trend.
Don't backtrack now. You said 100 pts down at the open. I called that out as a bear fantasy, science fiction. I was right. You want to talk about what the markets will do later today, that's fine, but that's a totally different conversation.
I'm not leveraged so there will be no margin calls. This is just 1 trade in a portfolio of lots of trades. I already stated what I would do if price breaks the bottom of the setup. You will have to go back and look if you want to know.
I'm not going to take a victory lap or gloat about how I was right, because that wouldn't be very big of me. So instead I will just leave this right here