That was interesting. Held through the first pullback with a wider stop, but stopped out B/E on this PB just now.
Messy indeed. Still bullish for the day above 24 and even a possible DB below that. Not the easiest market right now...
whenever jp opens his mouth i will sit out today, luckily got out at 4638.25 when pushed to 4640 failed. buying dip only if you are covered.
This is one of the largest ranges over the past year. Any more downside would be overkill here. I'll take it, but would rather stop here and resume tomorrow or later in the week.
Not looking for a real floor / fight until about 4540. That bounce yesterday was dead cat as much as a dead cat can be.
8 ranges larger than this one this year - the largest being 121,75 points. In terms of percentage change we're only down 1,9 % measured at the LOD - so there's definitely more downside potential still. I think we can see a bottom in this zone, but in light of the numbers above - we could easily drop a bit more.