Would normally expect us to trade below Yesterday's LOD given this open, but for some reason I'm very cautious against being short today. In fact I was short, but only took a nimble 1 point profit due to that. Econ # coming out in 8 minutes too. 2577-78 could be a potential bottom area for the day. Not getting a clear read here...
Buy signals coming in at the current LOD. TICK firming up too. NQ even stronger. Will probably try to enter a long after the # are released if I get a good signal/entry.
Also not trusting shorts lol Took a few shorts though but no more for me I think. Always feels like you're gonna get your face ripped off by the bulls at the mo
Got the buy signal, but trailed myself out to soon. Oh well - if I don't have the confidence, I don't beat myself up about that. It's a tricky day to read at this point. At least for me. I had a strong bullish bias prior to the Open which was partly negated by the gap down Open. On the other hand - it was a rather small gap, so... My best guess from here is that we take out Yesterday's HOD. May enter a long if we take out the current HOD. In the meantime - probably just watching...