The key here was the 11:15 ... 15 min bar...OVB/ overlapping / dark cloud cover was the sell reversal bar that set up this entire move & confirmed it.... along w/ proprietary indicator.... Nice quick rebound/ inflection north after tagging 3rd profit taking fib at 31.50...
Good luck fellas... have a real estate closing this afternoon... catch you guys tomorrow! Hands hi... chin tight... fight that fight! -Steve
Getting there... I didn't have the conviction to trade it and my mind was still in "long" mode for the day. If we drop below yesterday's LOD - who knows... Note: S&P is currently back to the 10 % down level @ 4336.
I tiptoed back today shorting 4 contracts with 2.5 points target met, small gains since the great crash last week. Now I have some bearings now with all the trend lines drawn, fibs, reset my expectation around 4250-4350 range, bear has the court.