I may be wrong. I think we are done selling for the time being. The usual 1500 exit may push a little bit down but we are going up from globex session. Vix is signaling bottom.
This talk about stops reminded me of a dude I knew years ago, when he was out drinking he would ask women, who appeared to be single, whether they were up for some fun, no small talk, straight in for the kill, most would tell him to F.O., I wouldn't be surprised he got some slaps too, but there would always, according to him, be one that would be interested. Similar with stops, cutting losses short is similar to this dude's strategy, whereas not having a stop and adding could be going on multiple dates to finally realise you don't click P. S. Gonna go Long NQ again, will I get a slap again or score?
Is it me or is this all starting to feel a bit "oversold"? I get the sense you do Pu, which is why you keep trying long entries for swings.
Starting to. The last major drop was approx. 240 ES points over 16 days. We're currently down approx. 185 points over 2 days, so we may have some more downside potential still. I think we'll print 4009/4000 before this leg down is over.