Another way of looking at it is crude is declining, 10y yields may put in a temporary double top, VIX is a mirror image of stock indexes, what is the primary indicator? I don't know. I am fully loaded for an upthrust.
For your own sakes, don’t go long until the Wednesday’s speech, nothing says bullish. The market is always here available to trade.
Why not? Control risk and reward. Volatility will be huge on Wednesday most likely, so I would agree with you then.
We could have the week high here, boys. When I saw those beautiful tails above 3900, I was practically running from work to my computer to catch an entry. I'm short from 86,50. Will give it some room to breathe for now. 5 points. If we tank - I will probably just hold this week.
Screw it. I'll take it off for one tick and rather re-enter as I'm around to manage it now. But basically we're following my thesis from yesterday now. The initial attempt at 3900 failed, so I'm watching for a reversal from here now. If we blast higher, we could take it out on a second chance.
I don't think fundamentals are as bad as everyone says and a lot of "bad stuff" is already priced in but technically just doesn't look like a bottom yet.