Just curious about this, you saw no reason to get out on Dec2 ( daily reversal bar close), but on December 3rd, the daily had (mixed bar close) no reason here either?
What are you guys thinking regarding tonight/tomorrow? I'm leaning bearish on NQ, but it almost seems too obvious. Red flag. Of note however that eod run in tech on Friday was very low volume actually. It sure seems like it should be bearish ahead of Powell on Wednesday. I think we'll open down and chop throughout the night with the trend being down. A spike out of the gate north of 4725 would be a good entry short I think on the ES. I don't see it going much higher before the bell at least. If it does... I would really be surprised. I'd use limits and keep moving them down but keep them about 9 points above the current price. Catch a spike to get in on the way down. If we get a big drop out of the gate, don't chase it. Raise that limit to 17 points at least.
Good call. We haven't had a tightening cycle for 3 years, but 3 years ago inflation was nowhere near what it is today. Sparks may be flying.
Still learning day trading. I hold more for days, weeks. So bias matters to me for that. "Bias" maybe not right word. Trend? Do you only or mostly trade SPY options, Mr @Zodiac4u?
I was / am leaning bullish. In my view, smallcaps are the key. If Friday's lows hold, we might be in for a nice run up in the market over the next several days.
You always have some good insights -- so I'm wondering if your intuition is actually at play here. You say you're leaning bearish -- maybe because that seems logical -- but I'm wondering if your intuition is telling you something else? Just curious because your tone of engagement is different. Am I making sense?