We will be in a 300 pts range chop. Current low in place short term, assuming no extremely bad news on CV
Still got to trade it . Take your 10-30 es on both sides . Make no mistake a bear mkt is here . The virus was just the catalyst the was convient. If not the virus would have been something else
As you know, I use 5 minute instead of tick charts, and I use the 20 ema instead of the 30 wma, but this was a nice HWB short that I still have runners open (took some off on the way down as I always do) ... Also, I don't futz with anchoring the fibs to the tick, this is like horseshoes and hand grenades - close enough is close enough.
tried a long there at the 50% (2787ish) but took a fast stop. Still up on teh day and calling it a day here i think good luck
Mkt turned very weak. Looks like we have unfinished business at the close of 2713 or lower for an official bear mkt