Nothing succeeds like excess, da bulls are empowered. But for every rally there's the dreaded PB! How far will this PB, they are asking?
thats the battle line,71-72,too bad its 11 30 cst,means we have to sit here and chop for 30 -60 minutes
well I have light sell setups, however, the VIX is keeping on a sell. Once the VIX turns... still long. hmm gap closed from yesterday, seems a bit obvious
Well, I wasn't exact on the pullback distance, but I'm biased long now for sure. Looking for the market to make it to 86.75's at some point here. I missed all of my classic entries on this long while driving to the 9-5, but I would be looking for any failure of a micro bearish trend to hop back on and get long. Maybe somewhere around 67.25's or so. Good luck everyone!
Not quite on the cash, though maybe it's close enough. Also tempted to short 71.50, but I fear the time of day.
Good to see you B--where would you have entered long? Doesn't seem that the pullbacks are far enough for your typical entries. Maybe a long at 68, or 66.75 or 67 around 11:30 est, yes? Meanwhile I'm not so convinced we are long before a significant move down. 6 point initial balance, went 6 ticks below and did a U turn, then 7 ticks above, and now sitting on the IB high at 70.75 ... It's not like we dove into yesterday's range with conviction, though that may have more to do with time of day than lack of demand.