Early shorts have been rinsed, final top before the Dec lows retest should come in the next 5 sessions or not at all.
Nailed it. Even though we did make more than a shallow pullback. This post was for some reason quoted with a song by @volente_00 which I didn't understand, but I'll play the quote game and respond back with this.
I want to follow up this call initially posted on Sunday and updated Monday night. My data suggests a good chance we'll see 4 consecutive positive closes with a positive close tomorrow also (Thursday). In fact, the most bullish scenario suggests 5 consecutive positive closes for the entire week. The more neutral scenario suggests consolidation on Thursday and Friday, but none of my matching data suggest we'll see a sell-off this week. The market may want to take care of business below eventually, but I'm sticking my neck out here and saying I don't think that will happen this week.
Looking at what transpired after I left gives me a head shaking case of shouldawouldacoulda's for sure. I certainly shouldawouldacoulda preserved more of that 6.25 point profit than one measly tick lol (typically I close these before I head out, and then I come home to find I shouldawouldacoulda held to my profit target, so this time, I'm gonna fool 'em - fool me once shame on you, fool me twice .... I'm a meathead ). And that pullback to 13.75 was a buy limit I had cancelled (order was 14.50) . Umphfff ... that's it for me .... no more kids after this one lol Here is my view: That pullback set up a buy that should target today's HOD then up to 2840 or so. On the bear side, I'd say a breakout with follow through below 2812 will target yesterday's high 2803.25 or the gap at 2797.25. I'm still long from 2756.75 with a break even stop in the market but any breakout with follow through below 2780 gets my attention. 2726.50 ESM low to 2826.50 ESM high for a cool hundred points - I should have noted that and closed that last long day trade there today but somehow playing with you guys I got distracted and didn't follow my notes. Market does funny things like that sometimes - like how on 3/12/2018 cash closed at 2783 and on 3/11/2019 cash closed at 2783 marking a one year period of an exactly flat market (save for the pennies, but who here is counting pennies?)