Hold your pants, we're not done yet. 3840 should be the LOD. But then again, are you sure about June low by the EOW? I have a feeling we're only being set up for a pop tomorrow following the FOMC.
My only complaint is I wish it was smaller, but it's hard to know where to draw the line. I've been down about $1K in the past and easily turned it around. I decided to shut off today because I was not really in tune with the market at the moment and knew it would require a tremendous move to get back in the green. If you didn't make any trades yet today you're very disciplined. I'm a bit too trigger-happy.
For a while there recently I was a bit too disciplined. Seriously. Not gun-shy. Just wanted things too perfect. Meanwhile at the 12 o'clock hour missed another one. Divergence, volume percentage not confirming morning up-move. Then of course as I mentioned previously $TICK.
I think tomorrow will pivot us either up or down. It's probably that simple. Which way I think is anyone's guess, but even if it's a rally, it seems odd if we were to put in a bottom here for the medium/long term. But who the hell knows...
Day trading ES is a 10k account, reset every month, all you need is a 10 points win. Swing and carry trades account is more than few expensive good watches, not that I am into watches.
Not sure, of course. Let’s see what tomorrow brings. It’s just my sentiment being through the floor. Looks fcked yup. Rates … Inflation … Growth … The VIX hasn’t spiked … Blablabla
Roubini says a 40% drop in stocks looming. What do stats say about his previous calls? Bull market is coming then
It should not be such a shocker this time, unlike the last time when many were expecting a transitory inflation figure to fall inline with energy prices. Everyone is talking about a potentially 100 basis points hike this time, but with midterm elections upon us, I wouldn't be surprised if the FED only raises by 50 tomorrow and market has a strong rally.