L 3828.25 I wd probably set tgt for 39.75 depending on action not decided if I will hold longer. Since morning waited so long to confirm and then took 2 scalps. My husband is kinda mad at me rt now. He doesn't get it that ytd I am still positive. My bot made some money on inverse etfs and svxy entries which it hasn't exited yet but the drawdown on futures was excessive. I hope will make up as we move on.
Instead of hope, let's look at facts... The last three times the market rose approx. 180 points bottom to top what followed next was a pullback (of various degrees). While I'm kind of bullish, too, I just can't justify entering here for a swing long. Even a bull market retrace...
A strong Tuesday preceded by a strong Monday usually sets up at least a positive Wednesday and not unlikely a strong one either. A gap down open tomorrow would be a gift, but I'm not hopeful.
Short term swing trend is definitely up but may be exhausted. Longer term trend is down , so I'll be looking for shorts predominately.
I have to say I struggle a bit to see the long term trend being down. We closed - 1.17 % from the all time high today as the push lower from last week failed to continue... Let's see where this goes.