Scratched it at 41. -3,00. I was considering holding short over the weekend, hence the wide stop. Technically/statistically, I think it's likely that we can get a a decent pullback from this zone. We may or may not get a catalyst in either direction over the weekend. In actuality, it started this Tuesday. It remains to see if we get continuation or not. Worst case scenario for a bear we open gap up 40 points on Monday, but I don't think that's likely. Regardless, since we're spiking into the close and not dumping - I didn't felt comfortable holding without a 'head start'.
No problem. Before I disappear, my ego wants to take props... I stated... End-of-day, end-of-week, end-of month, end-of-quarter might add some profit opps for you. Good call tiddly!! The OP has banished me from from this thread. Good trading to all. Into the ET wilderness I go...
What a little squirt up in the last 5 minutes of cash markets. Most called it a day after lunch. Sideways for the last few days, then ramp up in the last 5 minutes. Guess end of month and end of Q2 had something to do with it.