waiting for one final wave up @ this point then will take position. will play a swing and hold it overnight.
if this was the beginning of the sell off as B1S1 mentioned then i would be really happy, as i am trying one strategy and as per the strategy around 30.00 and higher the sell off should start. But since this strategy should atleast net 20-30 points so if the sell off does not net atleast 20-30 points then it is not the best strategy need refinement.
damn new twist, we need to go to 40.00 and above before committing to shorting with conviction ( for my swing play). For now my strategy i need to find out if price will go down to 2985.00-2905.00 region. this strategy should be a momentum play.
This seems an extremely technical view. ~150 point drop in five days. Are you including Powell in your calculations? If so, it seems you are accepting that he will totally mess up his speech tomorrow.
You have to assume that's normal, the surprise is if he doesn't. Last time he said everything both ways then continued to contradict everything... net takeaway was zero. I'd rather the guy just shut his mouth, go on permanent holiday or something rather than proving that congress appoints clowns in high positions... even if he manages to say something without a later contradiction, it can't be believed as he's a dedicated flip-flopper. Agree on the B1's sell-off call but the level will be lower than stated by the end of Sep.