The absolutely best place to enter long is where you believe the stops are piled. I'm not talking about those weak shorts on the intraday chart, but the hedge fund fatass shorts on the daily chart. That's where the chart will go parabolic (with the massive stop running) and you'll make the most money. We're not there yet. No sign of capitulation as of yet.
Ok. Got it. Often the move is sharp. It's not a friendly PA to enter. But definitely the best places around. Agree.
All the folks here thinking of playing those initial jobless claims need to consider that the forecast is a blanket 1.5 million... that will be more than double than at any point in the history of the data by the Department of Labor starting in late 1960s. The algos probably won't be able to handle that well if the realized numbers are around that figure, and the moves will be violently unhappy.