We should be getting up here to the area where a plateau will occur and the down-move will continue. I continue with my long term short bias.
Definitely possible. We've had days like this which reversed hard - but they are less likely the longer spend above 3740/45. A new HOD seems like the most likely play now... How bearish are you by the way? A 10-15 % correction or more?
Probably a lot of shorts who were expecting a crash lower today with continuation from Friday. Would make for a good squeeze on the day. 75-80. Then maybe lower later this week. Tricky game, this.
NQ filled gap above an hour ago. ES lagging, but should at least see a pop above 70 now. Hopefully 80. I'm curious if we could trade even higher than that on the day? An Inside Day would be disappointing...
FINALLY!!! Big block trades on the long side are disappearing.... My experience tells me that we're likely to see few small up legs for any pull back.