That was quite the move off the LOD. From down - 3,94 % to a green close on ES. + 0,40 % now, unless we sell off within the last 7 minutes. SPX bottomed out at 12.37 % down from top to bottom today. I'm no expert on the medium-term using charts alone, but I wonder if it's possible we could have found a medium term bottom today. Corrections are normally +/- 10 % and we hit that followed by a strong reversal today. Makes you wonder...
Oooofa…. PPT want coast to coast x 2 for a 200 handle intra day seismic shift! … Knew I smelled them lurking
No opinion yet, but there's an old adage that says something to the effect of "the the biggest reversals always happen in bear markets". Who knows.... But that is an old saying.
Not trading ES and NQ, all my stocks got crashed. ES is still below 200DMA by 3 points, and NQ is back to last Friday, not a confirmation of DIP buying. One can easily pushed them down before and during the Fed speaks tomorrow. Bought some SPXL today when it was below $100, now is $113
Total hogwash what I'am seeing, but IF wednesday-evening comes in area 4525 or 4575 (open/closes before) this could be a short (re)-entry. Nevertheless, the downside has more room to go than the upside I would think.
Caught some good actions on the downside tonight. Already met my daily profit target for tomorrow. So, I'll stay in bed late for tomorrow. I post PnL instead of Trade Performance report due to the fact that it included trades from previous day and today. Maybe this will be my last post here lol... Good luck to everyone tomorrow. Watch out on big trend reversal on the upside overnight for tomorrow if you're still holding onto your shorts.
Ok, tonight's action does not make sense. Not after that close, not down this much. BTC up 3.5% Something else is up. New variant found? Putin's getting ready to move? No pajama buyers? This drop should have been bought by now after that close. Hmmmm.