I'm expecting a swing low, FWIW, probably tomorrow to inflict maximum anxiety on any would-be longs as they hold over the weekend. Waiting for the O'neill cup and handle pattern:
Likely not IMO, considering that we'll end the day with a hammer formation. As long as NFP doesn't spook the market, I think it will be pretty bullish tomorrow.
Trust me. If the NFP comes in below 200K, the market is going to rally hard. If it comes in even matching expectations? Look out below. The market needs bad eco data now. We're in the "bad news=good news" mode again, because of Powell's assraping last Friday. Oh, and we could use a wage inflation number below expectations tomorrow as well. That would be icing on the cake.
Bro, why make things so difficult? If the market rallies hard, then BUY (that also means, get out of your short). If it takes a nosedive, then go short (again, get the eff out of your longs). Be flexible and don't get married to either direction. In the end, nobody but you care about your losses.