Which makes sense, my scenario was if we take out weekly lows look for limit down, but we didn't and had a huge squeeze up. That's why I commented on the likely hood of a second leg up. Like I don't just say something than blindly trade it to be clear, if that makes sense? I set out scenarios and if scenario doesn't play out (we didn't break weekly lows) than obviously we can't limit down.
I assume you have no ill intent with comment, just clarifying you only quoted part of my post, which is some what not genuine, but again it's all good if you don't mean anything about it.
Short term intraday TD REBO "line in the sand" for bulls to hold is 3894. which also happens to line up with a prior swing low. May not even get close. I expect one more push up into RTH close and maybe even 5pm close anyway.
Nah. Just couldnt remember all the breaker levels so was a bit surprised to see how close we were on the S&P.
Just noticed $VIX has had a pretty decent bounce (a full point) off relatively extreme lows. Though from high to low range was almost 4 full points.
Not ready to look short just yet but a wave count I have for 60minute $SPX for completion of upward correction has been satisfied. All that is left is for a close (on 60min basis) below yesterday's low to confirm. Which for it to happen might take awhile with today's massive opening gap. TWT
Cant believe how much I left on the table today. I completely missed the 3900 area pullback I was targeting. What a huge daily move.
no regret cashing out, market will move back down again. shorting is probably a good trade before Monday opens.
We have not seen such a big UP move of 5%+ since April, 6 2020 Covid V-rebound. This one may not be just another bear market rally. source: https://www.nasdaq.com/market-activity/futures/es/historical