Big move coming - one way or the other. I hold no strong opinion. I just have a hunch that playing the short side won't be as easy, i.e., massive counter rallies. So, as I lack a bit of conviction I'm just waiting a bit here.
Maybe I should become a scalper again. Had a ton of + 5 unrealized go back to B/E or B/E + 1 tick today. Just happened again. Leaning long as long as this range holds.
The range I was watching to see which would break was 3820-3792 3792 broke then turned around and became resistance @ 10:15
I might be wrong but "they" are holding this thing up, but can only do it for so long. Cumulative $TICK's tell the story and the story today so far is red and down
Yeah. NQ is leading lower now. I'm a bear, but I struggle to short this. Please help... I think I'm afraid that "they" will show up as soon as we make new lows.
Well $SPX has been making new lows past 3 minutes. To me that confirms ES won't be far behind. But I learned long ago not to chase. Instead sell into the rip with my signals ok.
Yes. Best to sell those rips (or just below a swing high). I just stopped out on a bad chase entry. Taking a breather here.