Did any of you anticipate an overall downward dip or movement today in the market...and make that big market cheese, If you bought down around 10:37...you'd be smiling, happy, right now,
Took a few small scalps just to print a green day after yesterday's sillyness. The last one being a late short as we made new lows, but didn't want to risk a 20 point counter move, so stopped out for 5 points. Headed lower, though. But the path might be rocky. If I were short from higher prices I would feel very confident now.
Sold the breakout. Not in the mood to hold overnight being this far down range on the daily. Serious moves today, congrats if you survived it!
Yeah, nothing really changing on a macro scale. Still most likely scenario is buyers continue to get squeezed and we retest June lows. It's been fairly obvious for a long time, but some of the intra-day rallies can make getting a good intra-day short difficult. Particularly if trading smaller account or using more of a set / controlled strategy.