So I was wrong Mostly scratches here, slightly up for the day, but I kept looking for a breakout either way that so far hasn't come. In hindsight I should have been playing the channels, blah, blah, blah...
I'd have expected a quick flush to fill the gap and then see money flow into the market. I just do not understand this hesitancy to pull back. Remember BTFD? That's the Amercan way. Now it is as though they fear the dip. BTW I'll cover my short early if we don't resolve down here soon - watching a 5 minute chart and the current bar will end at 12 noon.
The volatility we saw for those 4 weeks is once every 10 yrs to a lifetime event . A day like today most traders should be sitting on their hands as there's little volatility or direction. As i've said before wouldn't be suprised to see a 2600-2900 ish mkt till June or July. I started shorting last night into today a little and will hold it for a while. Today is a day you get chopped up trying to trade a lot.
We're very close now to a big move for the afternoon. It's questionable whether it will be up or down. I am leaning to the long side.
Yup, Chop Suey PA today.... ND/ Nothing Done here yet.... I`m kicking myself for laying out a 5 lot short last night at 83 but took it off before I went to bed... I`d have woken up to a 33 handle profit... My Globex layouts are spot on about 90% of the time...
its annoying action for sure, particularly on ES. NQ not that bad, a lot of up and down legs. If you're watching a DOM it's worst, if you just look at your chart only it really isn't that bad.
Quite possibly the top posting in the board's history----Ish. Headed out for 27.---Talk to you soon---