Markets are an entity, they are a collective of human emotion, and they operate most efficiently when they do exactly what you just wrote... instill an unsuredness in the greatest amount of participants. It is only then that they make their big moves. Know why I told B1 "ahhh it's over" last Weds night? For that exact reason. People were too scared to go short after what they had just witnessed, the Naz going up 7% in a day, and then creeping up even more, only to be followed by a slight downward range, followed by another sharp upspike, all within the space of 8 trading days. Who would have the balls to short that. So with that in mind, the bear side of the boat was light... and that's exactly when markets make sizeable downside moves in a short period of time. And vice versa to the up side. The "entity" is quite efficient over time. Charts are great tools, but understanding human nature is just as great. ~vz
Akin to the constantly speculated “Fed pivot” which would be completely in line with the machinations of the 2000-20 Fed.
As usual, I plan to go short if the market jumps today but not yet a buy dip setup. No Fed pivot anytime soon, that’s very clear.
I shall wait at least half percent move, flatten everything yesterday. NQ I can try my luck and trade 1 minute chart by color via market order, win or loss.