Fair enough but why chase the long? I just don't see value of a long if not buying discount on a down move
The last IHS called in this journal did fail... FWIW, the last 3 out of 4 Tuesdays following a negative Monday have had a negative close. A brief look at my data this morning suggests a high possibility of making new lows today (Tuesday RTH). Does of course not preclude a retracement up or a good up move before or after.