Yup, ES will get back off its knees and start running, maybe Tuesday. Friday prolly quiet, Monday holiday.
As far as the parabola goes This has been another great long term call. Any ideas on how to tell how far parabola will go or targets you have in mind? It seems that giving up 100+ points would be a little much for a stop out (for most people). Obviously the moves are becoming larger and more powerful. So why not get out on a high, and buy back in on a dip?
Thank you. Typically, I like the market to give me a sign that it is reversing before I get out and then I look to get back in. At the moment, I have not seen that sign.
3400 is now a given and I continue to trade from the long side. My position trade long is still intact as well. Pricing is currently 3384