Slow day for liquidity providing longs. Good looking base to end the capitulation but not enough upside to get on the cash register yet.
Placing a bracket day order by asking 1767.75 for a short with an add at 1780.5, and 1717.75 for a long with an add at 1705.5.
ammo, I don't think we need a chart for a bracket order. Besides, you're better with posting them than I ever will be. It's an order based on expanded future volatility that may or may not take place. It may expand on Friday though.
I see a similar scenario as well, whether it's this week or next, and from what event remains to be seen.
Ammo since you don't trade from the long side and you've covered all your shorts as you're trading them what happens if we keep crashing? you would seem to be locked out of trading and the lower we go shorting the bounces becomes more dangerous as the bounces could be huge and last for weeks on end if we end up falling 20-30%. haven't been on here in a while but i'm still massive short with over250( I've pared 1/3 of them) spy puts of sept 2014 and jan 2015 strikes mostly taken over 1800 and a good stash of es short. I rode 20 of my es's all the way from near 1700 to the 1846 high so that was some pain but added more over 1800 and have generally been trading back and forth, even though I've been doing this 3 decades I got a little cocky by holding the es's as I a had a big score in the stock opk. even after all these yrs I still make mistakes