I'm short from 2890 (posted in adavnce yesterday) Scale out profits at 2832, 2822, and 2797 ... One target filled, two to go.
All your blah blah blah... and we are right back where we started the week 5 days ago. And two weeks before that. And early March. 2840 Hardly an up market.
Maybe you were misinterpreting his posting. You put the emphasis on the wrong word. He was probably nervous, angry and shouting:I love overnight pullback in up-markets! He forgot to add: not in down or sideway markets.
These are my thoughts in this crazy gap down day - Waiting for NQ to finish its spike up, at which point looking for continuation down for ES, would like to pick up some longs in the 2800 zone or little below. Longs should pay well after noon. ... would like to hear yours GLTA
you could very well be right....and next week could very well be up....I just don't see it for today in terms of sentiment....1st of may, a Friday, we've had a hell of a run up...
I was primarily looking for a swing up to 2875,75, but it's hard to say from here. I have the feeling we won't get a very orderly sell-off either way with NQ being fairly strong in comparison. Higher time frames look very heavy, though and internals are generally weak so far. Open gap at 2828.