i closed all of my open positions today. Although I am still bullish on the market, i will wait until I see signs of continued strength before putting anything back on. I'm starting to see liquidity drying up on the tape and that is not an environment that i want to be a buyer in :S
Darn. One week too early. I still have this as a target on the daily. It's interesting to hear people discuss a potential IHS in the making. It's very easy to spot. If one were to use chart analysis - one could also visualize a double top here 'at the lows' on October 17th and November 7th. I don't have any expectations beyond 2683, but if I had to guess, I'd say there's a good chance we at least test the lows around 2600.
what we thinking, more dropping today? It's looking super weak. I'm still holding the same short but wondering what others are expecting