Probably. Question is if we'll sell off prior to tomorrow's meeting or if someone front-runs it. Fairly similar to yesterday's action so far.
I'm actually really surprised we are selling off from the 50ish range on the september contract. Just goes to show this market has an awful amount of fear and uncertainty mixed into it.
Only a 10 point pullback in RTH this far. But sure. This market is high on stimulus and very jumpy in case it's not getting more I suppose. Doesn't resemble prior smooth sailing bull markets which barely pulled back, so there definitely seems to be some fear and uncertainty in this market. Maybe it's because most people think this market is priced too high - yet don't have the courage to bet against it because of the FED. And equally fear being left behind when it goes higher.
Im bag holding from 4250 on the september contract and don't expect to get back to breakeven with this PA. Gonna have to average down now at some point
@Buy1Sell2 on holiday? Golfing at day time and showing up to buy the dip in the last hour or two? That's how it's done.
Hard to say. I'm long from 40, but will probably look to scratch it below 30 and re-evaluate. We've had a lot of V days lately with sharp reversals later in the session. So far this is a weak pullback/consolidation in my book and we're only down 0,22 % so far on the day. 35 is a significant cluster of levels - so I'm not worried just yet.
I've had all types of trouble predicting direction of this market lately. Feels very unpredictable for me. maybe its just me.
Nothing that haven't happened before, but we've definitely seen some of the less common day patterns lately, so I would agree that it's not easy to predict. The one consistency seems to be that dips are still getting bought. And what comes up - must go down.
yep. Added at 33.50. Trading bigger time frames. Taking losses on the long side is pointless unless the sell off is met with some macro reason