I believe that the market is set up to squeeze once more to that 2658 level and then the resolution comes in the form of a another swift downtrend not unlike the January-February swoon. Short sellers who establish shorts in the mid-2650's should have a good year next week. There will be a lot of fuel for it, as the bulls will likely load up concluding the low is in place. Imho, they ain't seen nothing yet. FWIW, I am neither bull nor bear. Most of my trades last from 1 minute to a few days. I thrive on volatility in either direction. But the market looks set up for one last rally that will stall about 25 points higher than it is now and then swoosh to new lows. GLTA.
Inverted HNS on 60 min. If we had broken that yesterday at the close it would have been invalidated. I’m now looking to short 2660’s.
Offered out 6c at 925 on the over night & was hit... Had another 6 cars offered at 950 but missed by 2 tics..... Leaving 6 offered at 950 with stop at 750. OCO
We just may move higher but my macro view of major sell off supercedes my short term bullish move that yielded a nice quick profit. The key here is not to Marry into a position, particularly, one that gave you profits then stripped you of profits.