Here is my SPY trade long. Yesterday looks like taking rest. After huge rebound. There is trouble to the left as @c1rcle said. Resistance there. Maybe? But looks like market resting before next leg up the mountain. One negative? My only long reversal set up for today from yesterday is SARK. SARK goes up if market goes down. Reverse from market. So SPY. My stop loss is same as chart. But if SPY goes below yesterday low? Then I start thinking maybe lower. Maybe? Edit after the fact. Semiconductor stocks looking strong in the pre-open market. Can't imagine the world is ending. Just yet. If chips stocks are getting bought.
Where all the Sunday afternoon quarterbacks at? Monday morning too late. Step up to the wheel. Place your bets.
flatten at 4720 4719 4721, 135 points total, done for the morning. let me see if any dip i can buy later today
Not one of the benchmarks I wanted to personally see happened so far, so still have my slightly bearish bias. NQ fell just about 8 or so points short of getting above. This is just how I personally do it. If NQ, RTY or BTC got above(in that order of importance) than I would of eased up on bearish bias.
They've already gave shorts a a new corvette and a new wife. Trying to catch some type of short cover rally, but it's just not happening. As long as NQ trading above 15605 going to keep looking for that, much below that though and in danger of liquidating any intra-day longs. EDIT @ 1:55pm. Would be looking for like 15720 ish as target if we do get short covering rally, that would be min target if market has any steam left at all.
That was luck, did not expect move to start 4 minutes after I posted, but I sold some here NQ got to 15713.75. Only have super tiny position left.