cash is 4493 as i type. spx pretty sure we'll be lower tomorrow. i wouldn't be surprised if we close red today
We are in the area plus or minus 40 pts where I would expect this bounce to mature and then fall significantly.
You almost jinxed it! Might not be a bad idea to get out as we approach 4600, though, and take a small loss - instead of hoping you'll get out if we should drop again from here. Which I'd say can happen just as easily as going higher. Hope. Let's all erase that word from our trading vocabulary.
That would not be following the plan. Like I said earlier...I've broken the plan 3 items before, and it always ended in unnecessary loss.
What if ES didn't reverse at ~ 15 % down like it did and instead dropped to 25 %. Wouldn't that have been an unnecessary loss, too?