Currently, Resistance is holding at 930. 880 is a “safe” target I believe. We could maybe see 2750 later. Let’s see.
It's my view that this market is looking for any possible excuse to go higher. Only problem for today is that we're up quite a bit already. In the event that the current LOD @ 2923,50 does not hold - I have 2893 as a possible bottom if we don't trade all the day way down to Friday's Close. Personally, I'm flat and stalking a long entry for a test of the HOD and beyond.
That's a 5 % gain almost. Unlikely today, IMO, although not impossible. I scalped a long this morning, but didn't have the guts to continue holding it. Tough to enter long here when we're this much up and equally tough to short this market here. The only game plan for a late long here seems to be long on a 2940 breakout (or breakout pullback from 2940). It's risky going long since this market could easily have a healthy 50 point pullback now and not negate the long side long term.
why would we want to trade rationally ? Stay irrational and that keeps u in sync with the Market. Stay long and keep stops under LOD. Good assymetric risk type of day still possible