We just may... For what it`s worth, I`m all out .. covered here at 10.25.. from 36 cost/sell basis.. Had more to sell up to 40... Perhaps a bit premature but there may be some more heat before retest of swing lo. You are well in the black now.. hope you got some more off/ sold up top for the ride south....
Good trading! I added some at 29 and more at 35. Took most off at 14. Have a small position for that gap fill. Let’s see what happens.
I believe damage has been done and the environment is different with respect to rates and QE. You need a catalyst. Guy I know works for automotive OEM. First time since early 2000’s he has received early retirement package. He is 48 yrs old. Point being economy is slowing waaaaaaaay down and mkt knows it. This bounce in mkt is just a retracement....my opinion we don’t see new highs.
Your right .. but market doesn't like to take too many people with it.. The waves will knock off most.
Just a beautiful set up yesterday off R1.. PA split the uprights between 35- 40 to high print of 37.25... coinciding with my traditional 3pm CT Move to the anticipated slide down into the sweet profit zone! An Intra day, 37 Handle slide/ move, is a nice significant reactionary move off of a solidified Resistance Zone.. which is precisely what I was looking for, that`s about as good as it gets! I expect PA to be drawn to these magnetic levels as well as previous swing lo. Good Trading, Fellas