10pt gap down during trading time... you don't see this often! PMI at 47.8 (lowest since 2009), manufacturing is in contraction. Bots caused the gap, humans are following through. 20pt loss in 5 minutes. DOW -230pts
Last week or so is the reward for those who had the patience to not force trades in the lousy action a couple weeks ago. If it ain't there it ain't there but when it is...take advantage.
Did you exit your longs? Did you go short? Did you enter a new swing low? Did you exit shorts? Are you in a swing high? Nobody knows where you are, man. You have good reads... So do I. I had a great read on a 30 point target long in NQ exactly one week ago. But then Trump spoke at the UN. Then the WH said some bad stuff about China on Thursday. Now we have the bad ISM numbers today. My "TA" still tells me to go long, but the FA keeps yelling short, and is playing whack-a-mole with my position. Give us an update!
Blah. I was hoping we'd have dest's report by now, which he said was coming months ago. In the fullness of time, indeed.