There's 11289.50 or close enough for concept, not worried about exact ticks. Was never able to build a short swing position, only got some decent scalps in. Still 11208.00 available, so will try to find another short. if we can get another decent move up.
Morning all. I see B1's XLF is below $24 now. I also see "the Pandemic if ever there was one" is over I guess. What an idiot.
I'm still short, but cautious of buyers stepping in. Just don't see it yet. I'm thinking 3300/3290 before I'll be salivating on a long.
See below chart with circles, 2nd down leg on DAILY SPY chart has just begun after testing center line and it's usually fast and furious which means today could be a TRENDING DAY. Vix in red color is spike huge which is not a good sign to short-term bulls. Counter-trend day trader should be careful.
Next up 11208.00 Just need to deal with this 11260-11280 accumulation zone, it's holding some what, but think it will fail since Daily chart is bearish.
Yeah. I have in the past been strongly bullish on some larger gaps down, but today is not one of them. Just closed down my chart for today after a profitable 30 minutes. I think 3300/3387 is a bounce zone, but it's definitely not a certainty. We have had far greater down days than this earlier this year, so I'd be careful with the concept of oversold in these special times.
You bought your kid an etch-a-sketch? Or was all that done with a Spiro-Graph? (do they still make those?)