Ya ya, thank you so much for that insight. But it should have been 100 points down instead. Don't fight the tape
A trader doesn't absolutely need to nail every trend of every day. As long as you semi-nail it, that's more than enough to make someone rich. I'm more than happy predicting the 10:11 to 10:50 move for the day, The market will move up/flat for the day, which it did....to a certain extent, point,
Interesting day. 15 consecutive red closes on the 5-minute since noon. And only a brief stall @ 3950 before rolling over below 3950. 3930 could be some kind of support, but this looks heavy. Not much of a bid in this market at the moment. Longs from here are certainly counter-trend and bottom picking.
A down week usually bottoms out on Thursday / Friday. So, sub 3900 wouldn't be anything special on the day.