I think it may be the bottom too, but I need to be sure I don't need took over my back when going long hard. Hence, building out a base or multi days of consolidation makes the most sense. It doesn't go straight up from here.
The news media is painting a very negative picture of corona, hence why my emotions say it's not a bottom, however technically it appears to be. Hard to imagine the market racing up with so much financial mess atm, high unemployment. I put my money down on my signals, not my emotions, so I went in long quite considerably, anyhow, it's on record my decision, later we can look back on it.
2200 is a bargain price to buy and hold. It will probably come back to ATH in 1 or 2 years. But this is the time to buy stocks that could survive the turmoil.
Inside day on RTH-only, daily chart. 24hr daily chart made a higher high than yesterday. Regarding volume... careful what you wish for. Sentiment according to volume has not flipped: the downside is still dominant.
1. Gap up on Monday = Unchanged/Positive Close EOD 2. Gap down on Monday = Negative Close, i.e., further selling and continuation of Friday's leg down into the Close. I'm betting on scenario 2.
Hard money on short next Monday . Great times for our traders as intraday is so damn juicy. It used to take foreverrrr for ES to move like 15 pts during slow days.