That's because it's still a bull market. Shorting requires more skill and timing both on entries and exits.
yep. Any thoughts or predictions for today ? I'm assuming the lows and highs have already been printed today. Its possible we tough low 80's, but today should be a good range day.
Not really as I'm not yet on my trading computer and haven't done a detailed look, but I would assume higher today. The key level to pay attention to would be last week's RTH Low, IMO. If it's an uber bullish week like last time we won't even test it.
I think its gonna be a choppy day for the lower time frames. 4 hour looks bullish as hell. 2 hour and 1 hr look weak. Daily looks like we've already put in the highs and lows for the day. And the weekly bar closed lower than the last 4 weeks closes. If it continues up all day I certainly wouldn't be surprised catching all the bears with their pants down as usual.
That's what happened the last time we printed a similar weekly bar. And not just on Monday - but the rest of the week, too.
If higher on the day - would assume 4190/4200. But I suppose that's all contigent on NQ finding a bid.
Missed the LOD by 2 ticks. Friday's high done. Next up is 4194 and if it's a major short squeeze we'll see 4210 by the Close. But, we could range here, too, with a deep pullback. So the rest of the day is uncertain. I'm flat and done.
well done. We've pushed up more than I'm comfortable with on the short side. So I'm flat as well. Will have to wait for a pullback of some sort