yes but stop loss needs to be very generous unless you can time the levels,for me on sidelines for now, cant have more than 8 points stop loss, the moves are not suited for me at the moment.
Not for nothing but I just did the math and I am up over $4K/contract traded today. God Bless America! fvck Trump
My rule of thumb is that once a swing is retraced by more than 61.8% the impulse is dead and I won't use it for a measuring tool. Then, on the rebound, price rallied retracing 61.8% of the decline and then sold off. That tells me that the new impulse is down and new measuring move is the swing down. Works for me.
Yeah. Nailed it. I think we should be finding a bottom in that area for today or even already here at 3023,50. On the other hand - the selling is pretty relentless today and we're ahead timewise, so who knows where they take it by EOD. I'm overall bearish for the medium-term, so I think we have more downside still on the daily chart. It's just possible that the pace of last week will slow down and that we'll do it at a bit slower rate from here.